Reduction of number of shares and votes in Swedbank AB (publ)

Thursday, 31 May 2012
Swedbank’s 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.
Based on a press release

What do you think about this article and us? Please leave a comment!