Business & Finance
Mon, June 4, 2012
STOCKHOLM--([ BUSINESS WIRE ])--Regulatory News:
Swedbankas (STO:SWEDA)(LSE:SWK)(Pink Sheets:SWDBF) Annual General Meeting decided on March 27, 2012 to reduce the share capital through cancellation of shares. The reduction was registered by the Swedish Companies Registration Office and the shares were cancelled in May 2012. As per May 31, 2012 there are 1,132,005,722 shares and votes in Swedbank AB.
Swedbankas share capital decreased by SEK 610,773,555 through cancellation of own shares equivalent to 24,168,814 ordinary shares, 3,415,641 preference shares and 1,500,000 C shares. At the same time a bonus issue in the amount of SEK 1,132,005,722 has been made in order to restore the share capital and after the bonus issue the share capital amounts to SEK 24,904,125,884. As a result of these actions, par value of the share is SEK 22.
After the cancellation, Swedbankas holding of own shares amount to 33,000,000 ordinary shares held in order to hedge the banks commitments in performance and share based remuneration programs for 2010, 2011 and 2012. In addition, there may be holdings of own shares within the securities operations.
This press release contains the information which Swedbank shall make public according to the provisions of Chapter 4, Section 9 of the Financial Instruments Trading Act (1991:980). The information was submitted for publication at 8.00 CET on May 31, 2012.
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development aBeyond Financial Growtha. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.8 million retail customers and around 531,000 corporate customers and organizations with 315 branches in Sweden and over 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine. As of 31 March, 2012 the group had total assets of SEK 1,889 billion. Read more at [ www.swedbank.com ]
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