ING announced the start of a share repurchase program under which it plans to repurchase ordinary shares of ING Groep, for a maximum total amount of EUR 50M. The purpose of the share repurchase program is to meet obligations under the share-based compensation plans. The share repurchase will commence on March 4 and is expected to end no later than March 8. The ECB has approved the repurchase, which will be executed in compliance with the Market Abuse Regulation and within the limitations of the existing authority to acquire a maximum of 10% of the issued shares as granted by the general meeting of shareholders on April 24.
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Read More on ING:
- ING Groep price target lowered to EUR 15.50 from EUR 17 at RBC Capital
- ING Groep price target lowered to EUR 16.50 from EUR 17.50 at Berenberg
- ING Groep price target lowered to EUR 16 from EUR 17 at Morgan Stanley
- ING Groep price target lowered to EUR 14.80 from EUR 15.10 at JPMorgan
- ING Groep downgraded to Hold from Buy at DZ Bank
