The SEB board has decided to sell a part of the bank's shareholdings. The decision to sell, which was announced in SEB's interim report Q2 2006, has been taken after approval at the Annual General Meeting. The sale of approximately 3 million Class A shares, is taking place as a result of the review of the hedging arrangement of SEB Group's long term incentive program.
The sale, which starts today, will be executed at the Stockholm Stock Exchange within the "spread", and transactions will be reported through the Stockholm Stock Exchange in accordance with existing regulations. In addition, SEB's web site (www.sebgroup.com
) will be regularly updated.
The total amount of shares in SEB is 687 156 631, of which 663 004 123 Class A shares and 24 152 508 Class C shares. On August 25 2006 SEB had 14 239 127 Class A shares as hedging arrangement of the long term incentive program.
Since the Bank opened in 1856, generations of customers and employees have made SEB what it is today. This year the Group is celebrating 150 years of looking forward.
The SEB Group is a North European financial group for 400,000 corporate customers and institutions, and 5 million private customers. SEB has local presence in the Nordic and Baltic countries, Germany, the Ukraine and Russia. Approximately half of SEB's customers use the internet for their banking transactions. On 30 June 2006, the Group's total assets amounted to SEK 1,986bn while its assets under management totalled SEK 1,086bn. The Group is represented in some 20 countries around the world and has a staff of about 20,000. Read more about SEB at www.sebgroup.com
For further information, please contact:
Per Anders Fasth, Head of Investor Relations, +46 8-763 95 66, +46 70-573 45 50