Reduction of Number of Shares and Votes in Swedbank AB (publ)
May 31 2012 - 1:13AM
Business Wire
Regulatory News:
Swedbank’s (STO:SWEDA)(LSE:SWK)(Pink Sheets:SWDBF) Annual
General Meeting decided on March 27, 2012 to reduce the share
capital through cancellation of shares. The reduction was
registered by the Swedish Companies Registration Office and the
shares were cancelled in May 2012. As per May 31, 2012 there are
1,132,005,722 shares and votes in Swedbank AB.
Swedbank’s share capital decreased by SEK 610,773,555 through
cancellation of own shares equivalent to 24,168,814 ordinary
shares, 3,415,641 preference shares and 1,500,000 C shares. At the
same time a bonus issue in the amount of SEK 1,132,005,722 has been
made in order to restore the share capital and after the bonus
issue the share capital amounts to SEK 24,904,125,884. As a result
of these actions, par value of the share is SEK 22.
After the cancellation, Swedbank’s holding of own shares amount
to 33,000,000 ordinary shares held in order to hedge the banks
commitments in performance and share based remuneration programs
for 2010, 2011 and 2012. In addition, there may be holdings of own
shares within the securities operations.
This press release contains the information which Swedbank shall
make public according to the provisions of Chapter 4, Section 9 of
the Financial Instruments Trading Act (1991:980). The information
was submitted for publication at 8.00 CET on May 31, 2012.
Swedbank promotes a sound and sustainable financial situation
for the many people, households and companies. Our vision is to
contribute to a development “Beyond Financial Growth”. As a leading
bank in the home markets Sweden, Estonia, Latvia and Lithuania,
Swedbank offers a wide range of financial services and products.
Swedbank has 7.8 million retail customers and around 531,000
corporate customers and organizations with 315 branches in Sweden
and over 200 branches in the Baltic countries. The group is also
present in other Nordic countries, the U.S., China, Russia and
Ukraine. As of 31 March, 2012 the group had total assets of SEK
1,889 billion. Read more at www.swedbank.com
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