Progress on share repurchase programme ING

Progress on share repurchase programme ING

Progress on share repurchase programme ING

The FINANCIAL -- ING announced on November 19 that, in line with the launch of its EUR 5.0 billion share buy back programme on 4 June 2007, the company has repurchased 2,275,000 (depositary receipts for) shares during the week of 12 November until 19 November.

 

The (depositary receipts for) shares were repurchased at an average price of EUR 26.80 for a total amount of EUR 60,966,147.50.

 

The total number of (depositary receipts for) shares repurchased under this programme to date is 79,910,474 ordinary shares for a total consideration of EUR 2,479,362,730.00. To date approximately 49,6% of the repurchase programme has been completed.

 

The repurchase programme is expected to run until June 2008.

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 75 million private, corporate and institutional clients in more than 50 countries.


With a diverse workforce of about 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.