Nordea completes its share buy-back programme announced in October 2024

Nordea Bank Abp
Stock exchange release - Other information disclosed according to the rules of the Exchange
21 February 2025 at 13.00 EET

Nordea has now completed its share buy-back programme announced in October 2024. From 21 October 2024 to 20 February 2025, Nordea repurchased 22,699,348 of its own shares (FI4000297767) at an average price per share of EUR 11.01.

On 17 October 2024, Nordea announced a share buy-back of up to EUR 250m, based on the authorisation granted to the Board by the 2024 Annual General Meeting. The purpose of share buy-backs is to maintain an efficient capital structure and improve shareholder returns by trimming Nordea's capital. Since the inception of the inaugural buy-back programme in October 2021, Nordea has distributed EUR 5.7bn to its shareholders through repurchasing around 567 million shares at an average price of EUR 10.12 per share.

Nordea repurchased the shares in public trading otherwise than in proportion to the shareholdings of its shareholders (directed repurchases). The repurchased shares were cancelled on a monthly basis.

The repurchases of this buy-back programme reduced the company's unrestricted equity by EUR 250m. Nordea now holds 6,902,275 treasury shares for capital optimisation purposes and 11,513,966 treasury shares for remuneration purposes.

Nordea aims to keep returning excess capital to shareholders through share buy-backs and remains in close dialogue with the European Central Bank (ECB) regarding a new programme.

For further information:

Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058 
Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for publication, through the agency of the contacts set out above, at 13.00 EET on 21 February 2025.

 
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