SEB initiates new share buyback programme
The Board of Directors has resolved to utilise the authorisation granted by the 1 April 2025 Annual General Meeting to initiate a new SEK 2.5 billion buyback programme of Class A shares.
On 28 April 2025, the Board of Directors resolved to utilise the authorisation granted by the Annual General Meeting held on 1 April 2025, to initiate a new SEK 2.5 billion buyback programme of Class A shares. The share buyback programme is expected to commence on 30 April 2025 and end on 14 July 2025, at the latest. A maximum number of shares may be repurchased so that SEB’s total holding at any time does not exceed 10 per cent of SEB’s total number of issued shares. Repurchased shares are expected to be cancelled.
The share buyback programme will be managed by an independent financial investment firm, which will make its trading decisions regarding the timing of the share repurchases independently of, and without influence by, SEB. Share repurchases shall take place on Nasdaq Stockholm Stock Exchange in accordance with the Nordic Main Market Rulebook for Issuers of Shares – NASDAQ Stockholm (Supplement D) and in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the Safe Harbour Regulation). Share repurchases under the share buyback programme may periodically be halted for SEB’s repurchases of own shares for SEB’s long-term incentive programme.
In accordance with the authorisation granted by the Annual General Meeting, the Board also decided that a maximum of 39,300,000 shares of Class A may be acquired and sold for SEB’s long-term equity-based incentive programmes.
As of 25 April 2025, the total number of issued shares in SEB amounted to 2,042,697,474 and SEB held 39,337,319 own shares.
Information about the repurchases under the share buyback programme is published weekly on SEB’s website, www.sebgroup.com.