Repurchase of own shares
SEB may repurchase own shares for capital management purposes and for long-term incentive programmes for employees. Authorisations from the Annual General Meeting and other information about share repurchases are described below.
Reports on the share repurchases are published weekly.
Share buyback programme
Related press releases
Weekly reports - archive
Authorisations from the Annual General Meeting
On 4 April 2023, the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 4 April 2023, the Board also decided that a maximum of 43,700,000 shares of Class A may be acquired and sold for SEB’s long-term equity programmes.
On 22 March 2022, the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 22 March 2022, the Board also decided that a maximum of 39,800,000 shares of Class A may be acquired and sold for SEB’s long-term equity-based programmes and to repurchase SEB Series A shares for an amount of up to SEK 2.5 billion for capital purposes.
On 30 March 2021 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 30 March, the Board decided that a maximum of 52,500,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2022.
On 29 June 2020 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 29 June, the Board decided that a maximum of 51,100,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2021.
On 26 March 2019 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 26 March, the Board decided that a maximum of 50,600,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2020.
On 26 March 2018 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 26 March, the Board decided that a maximum of 45,200,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2019.
On 28 March 2017 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 28 March, the Board decided that a maximum of 44,400,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2018.
On 22 March 2016 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, at its constitutionary meeting on 22 March, the Board decided that a maximum of 42,400,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2017.
On 1 June 2016 20,810,000 shares of Class A was acquired under the mandate. The acquisition only means that the Bank formally has taken over shares previously held under a so called swap agreement with another bank in relation to that the swap agreement has been terminated. Thus, the net hedge for the long-term equity programmes has not been affected; the change only implies that one form of financing for the hedging of the long-term equity programmes has been changed to another. The shares held under the swap agreement has been included in the AGM mandate for repurchase of own shares.
On 25 March 2015 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq Stockholm AB.
In accordance with this decision, the Board has decided that a maximum of 40,500,000 shares of Class A may be acquired on Nasdaq Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2016.
On 25 March 2014 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq OMX Stockholm AB.
In accordance with this decision, the Board has decided that a maximum of 46,600,000 shares of Class A may be acquired on Nasdaq OMX Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2015.
On 21 March 2013 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq OMX Stockholm AB.
In accordance with this decision, the Board has decided that a maximum of 63,500,000 shares of Class A may be acquired on Nasdaq OMX Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2014.
On 29 March 2012 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq OMX Stockholm AB.
In accordance with this decision, the Board has decided that a maximum of 58,300,000 shares of Class A may be acquired on Nasdaq OMX Stockholm AB for the long-term equity programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2013.
On 24 March 2011 the Annual General Meeting resolved to authorise the Board of Directors to decide on the acquisition and sale of the Bank's own shares of Class A and/or Class C for capital purposes and for the long-term equity based programmes. The authorisation implies that the Bank may acquire at the most so many shares that the Bank's holding of own shares, including the Bank's own shares in its securities business, amounts to a maximum of ten per cent of the total number of shares in the Bank. Acquisitions shall be made at Nasdaq OMX Stockholm AB.
In accordance with this decision, the Board has decided that a maximum of 49,200,000 shares of Class A may be acquired on Nasdaq OMX Stockholm AB for the long-term equity based programmes. The shares may be acquired on one or more occasions during the period until the Annual General Meeting 2012.
On 11 of May 2010 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale of own shares in order to facilitate an effective management of the Group's capital. A maximum of 48,000,000 shares of Class A and/or Class C may be acquired at NASDAQ OMX Stockholm AB at a total consideration of maximum SEK 2.0bn.
Acquisition and sale of own shares for the long-term equity based programmes
On 11 of May 2010 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale of the Bank's own Class A-shares for the year 2010 and previous years' long term equity based programmes. A maximum number of 39.100,000 shares may be acquired and sold.
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.
On 6 of March 2009 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale of own shares in order to facilitate an effective management of the Group's capital. A maximum of 20,000,000 shares of Class A and/or Class C may be acquired in the Stockholm Stock Exchange at a total consideration of maximum SEK 2.0bn.
Acquisition and sale of own shares for the long-term equity based programmes
On 6 of March 2009 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale on the exchange of the Bank's own Class A-shares for the year 2009 and previous years' long term equity basedprogrammes. A maximum number of 11.100,000 shares may be acquired and a maximum of 13,300,000 shares may be sold.
On 8 of April 2008 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale of own shares in order to facilitate an effective management of the Group's capital. A maximum of 20,000,000 shares of Class A and/or Class C may be acquired in the Stockholm Stock Exchange at a total consideration of maximum SEK 3.6bn.
Acquisition and sale of own shares for the long-term equity based programmes
On 8 of April 2008 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale on the exchange of the Bank's own Class A-shares for the year 2008 and previous years' long term equity basedprogrammes. A maximum number of 6.600,000 shares may be acquired and a maximum of 10,300,000 shares may be sold.
On 28 March 2007 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale of own shares in order to facilitate an effective management of the Group's capital. A maximum of 20,000,000 shares of Class A and/or Class C may be acquired in the Stockholm Stock Exchange at a total consideration of maximum SEK 4.4bn.
Acquisition and sale of own shares for the long-term equity based programmes
On March 28 2007 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale on the exchange of the Bank's own Class A-shares for the year 2007 and previous years' long term equity basedprogrammes. A maximum number of 2,600,000 shares may be acquired and a maximum of 11,660,000 shares may be sold.
On 4 April 2006 the Annual General Meeting resolved to authorise the Board to decide on the acquisition and sale of own shares in order to facilitate an effective management of the Group's capital. A maximum of 20,000,000 shares of Class A and/or Class C may be acquired in the Stockholm Stock Exchange at a total consideration of maximum SEK 3.4bn.
On 13 April 2005 the Annual General Meeting resolved to authorise the Board to decide on the acquisition of own shares in order to facilitate an effective management of the Group's capital. A maximum of 20,000,000 shares of Class A and/or Class C may be acquired in the Stockholm Stock Exchange at a total consideration of maximum SEK 2.8bn.
On 1 April 2004, the Annual General Meeting resolved to authorise the Board to decide on the acquisition of own shares in order to facilitate an effective management of the Group's capital. In accordance with this decision, 11.780.000 shares of Class A and 6.621.049 shares of Class C has been acquired. At the Annual General Meeting on 13 April 2005, it was resolved that 1,000,000 shares of Class A shall be transferred to constitute a hedge for the long-term incentive programme, resolved at the same Annual General Meeting, and that the rest of the shares shall be cancelled without repayment in order to thereby reduce the share capital. Approval from the court is required to cancel the shares. This approval has not yet been granted.
Hedging of the long-term equity based programmes
The exposure in the Bank's long-term equity based programmes are hedged by acquisition of own shares. Concurrently with utilisation under the programmes, the number of hedged shares will be reduced.
SEB has reviewed its hedging strategy and position in terms of all long-term equity based programmes and concluded that some three million shares in excess of needs. These shares was sold over the Stockholm Stock Exchange between August 28 and September 12, 2006. The result from the sales will be attributable to Group equity and have no impact on the profit and loss.
Contact us at SEB Investor Relations
Visiting address: SEB, Kungsträdgårdsgatan 8, Stockholm, Sweden
Switchboard: 0771-62 10 00, from abroad +46 771 62 10 00
Investor Relations contact page
Pawel Wyszynski, Head of Investor Relations, +46 70 462 21 11
Philippa Allard, Senior Debt Investor Relations Officer, +46 70 618 83 35
Per Andersson, Senior Investor Relations Officer, +46 70 667 74 81
Mikael Anttila, Senior Debt Investor Relations Officer, +46 70 580 26 18
Amelie Blecher, Head of Debt Investor Relations, +46 70 462 21 96
Paula Dennholt, Senior Sustainability Investor Relations Officer, +46 70 763 94 68
Malin Lundin, Investor Relations Officer, +46 70 763 50 50
Malin Schenkenberg, Senior Investor Relations Officer, +46 70 763 95 31