SEB initiates new share buyback program

The Board of Directors of SEB has resolved to utilise the authorisation granted by the 4 April 2023 Annual General Meeting to initiate a new SEK 1.25 billion buyback program of Class A shares running until 14 July 2023.

On 25 April 2023, the Board of Directors resolved to utilise the authorisation granted by the Annual General Meeting held on 4 April 2023, to initiate a new SEK 1.25 billion buyback program of Class A shares. The share buyback program is expected to commence on 27 April 2023 and end on 14 July 2023, 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 planned to be cancelled.

The share buyback program 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 program may periodically be halted for SEB’s repurchases of own shares for SEB’s long-term incentive program.

As of 31 March 2023, the total number of issued shares in SEB amounted to 2,178,721,934 and SEB held 74,773,884 own shares, of which 47,751,274 shares have been repurchased for capital management purposes.

Information about the repurchases under the share buyback program is published weekly on www.sebgroup.com.

For further information, contact:
Pawel Wyszynski, Head of Investor Relations
+46 70 462 2111
pawel.wyszynski@seb.se

Press contact:
Niklas Magnusson, Head of Media Relations & External Communication
+46 70 763 8243
niklas.x.magnusson@seb.se

SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, we have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in our presence in more than 20 countries worldwide, with around 16,500 employees. At 31 December 2022, the Group's total assets amounted to SEK 3,533bn while assets under management totalled SEK 2,123bn. Read more about SEB at sebgroup.com.