Decision regarding delivery of shares to partic...
On 11 May 2010 the Annual General Meeting resolved to authorise the Board to
decide on the acquisition of own shares for SEB's long-term equity-based
programmes. In accordance with this decision, the Board has decided to acquire a
maximum of 33.520.000 shares of Class A for the long-term equity-based
programmes. The acquisitions may take place at one or several occasions during
the period until the Annual General Meeting 2011.
The acquisitions are intended to enable the bank to transfer the acquired shares
to participants in outstanding long-term equity-based incentive programmes. When
called for exercise of one or more participants in the programmes, the bank
will, within the context of the Annual General Meeting's authorisation and the
Board's decision, acquire shares to the extent necessary and immediately
transfer them to the participant or participants. The decision should be seen as
a streamlining of existing procedures and has no impact on the bank's hedging
arrangements.
The acquisitions shall exclusively take place on Nasdaq OMX Stockholm AB at a
price within the price interval at any time recorded (the so-called spread) and
the transactions will be reported via the Nasdaq OMX Stockholm AB in accordance
with prevailing rules. Furthermore, SEB's web site (www.sebgroup.com) will be
updated continuously.
The total number of shares in SEB amount to 2.194.171.802, whereof
2.170.019.294 shares are Class A and 24.152. 508 shares are Class C. The Bank
had per 8 September 2010 10.486 own shares of Class A to hedge the outstanding
long-term equity based programmes.
For further information, please contact
Viveka Hirdman- Ryrberg, Head of Corporate Ulf Grunnesjö, Head of Investor
Communications Relations
+46 8-763 85 77, +46 70-550 35 00 +46 8-763 85 01, +46 70-763 85 01
viveka.hirdman-ryrberg@seb.se ulf.grunnesjo@seb.se
SEB is a leading Nordic financial services group. As a relationship bank, SEB in
Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations 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 its presence in 20 countries worldwide.
On 30 June 2010, the Group's total assets amounted to SEK 2,318bn while its
assets under management totalled SEK 1,328bn. The Group has about 20,000
employees. Read more about SEB at www.sebgroup.com.
[HUG#1443656]
Press release PDF:
http://hugin.info/1208/R/1443656/387645.pdf
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