Nordea has repurchased 40 million shares to date
Nordea has repurchased 40 million shares to date Up to 20 September 2002 Nordea AB (publ) has repurchased 40,008,000 of its own shares. The shares were purchased at an average price of SEK 43.50. Nordea will present its interim results for January-September on 22 October 2002 and is according to stock market rules prohibited from repurchasing shares during the 30 days prior to announcement. Background Following the authorisation from the Annual General Meeting on 24 April 2002, the Board of Directors of Nordea AB (publ) on 19 June 2002 decided to repurchase a maximum of 150 million of its own shares (equivalent to approximately 5% of the total number of shares in the company). In April 2001 Nordea AB (publ) acquired 17 million of its own shares for the purpose of achieving a hedge regarding the company's incentive programme. This repurchase of own shares followed a separate resolution by the Board of Directors and does not form part of the current repurchase programme. The total holding in Nordea AB (publ) of own shares is 57,008,000. The total number of shares in the company is 2,985,071,177. For further information: Sigurd Carlsen, Head of Investor Relations, +46 8 614 7852 Erik Evrén, Head of Group Media Relations, +46 8 614 8611 Nordea is the leading financial services group in the Nordic and Baltic Sea region and operates through three business areas: Retail Banking, Corporate and Institutional Banking and Asset Management & Life. The Nordea Group has more than 10 million customers and 1,245 bank branches in 22 countries. The Nordea Group is a world leader in Internet banking, with 3.1 million e-customers. The Nordea share is listed in Stockholm, Helsinki and Copenhagen. www.nordea.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/23/20020923BIT00250/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/23/20020923BIT00250/wkr0002.pdf