FöreningsSparbanken extends period for share repurchase
FöreningsSparbanken’s board of directors today has decided to extend the period for the repurchase of the bank’s shares until the 2005 annual general meeting. Within the framework of the authorization received from the annual general meeting, the board decided on May 3 to repurchase a maximum of 26 million shares, corresponding to approximately 5 percent of all shares in the bank, during the period through year-end 2004. As previously, repurchases will take into consideration the bank’s capital situation, current regulations and market conditions. The purpose of the repurchase program is to