Heading: Corporate Communications – ING completes share repurchase for employee compensation
ING Group Completes Share Repurchase for Employee Compensation
Amsterdam, 5 March 2024 – ING Group has announced the completion of a share repurchase program for employee compensation that began on 3 March 2023. A total of 3,674,043 ordinary shares were repurchased at an average price of €17.44, amounting to a total consideration of €64.08 million. The purpose of this repurchase is to fulfill obligations under ING’s share-based compensation plans.
For more detailed information on the daily repurchased shares and individual transactions, interested parties can visit the ING website at https://www.ing.com/Investor-relations/Share-information/Share-buyback-programme.htm.
ING is a global financial institution with a strong European base, offering banking services through its operating company, ING Bank. With over 60,000 employees, ING Bank provides retail and wholesale banking services to customers in more than 100 countries. ING Group shares are listed on the exchanges of Amsterdam, Brussels, and the New York Stock Exchange.
The company aims to prioritize sustainability in its operations and has received positive ratings from independent research providers. ING’s ESG rating by MSCI was reconfirmed as ‘AA’ in August 2024, and Sustainalytics has rated the management of ESG material risk as ‘Strong’. ING Group shares are included in major sustainability and ESG index products of leading providers.
It is important to note that certain statements in this press release are forward-looking and subject to risks and uncertainties. Factors such as economic conditions, regulatory changes, geopolitical risks, and operational challenges could impact actual results.
For further information on ING Group, visit www.ing.com. Press and investor inquiries can be directed to Christoph Linke at +31 20 576 5000 or [email protected]
In conclusion, ING Group’s completion of the share repurchase program demonstrates its commitment to fulfilling obligations to employees and maintaining transparency in its financial operations.
