Repurchases of own shares
Swedbank holds own shares to secure the commitments in its performance and share-based remuneration programmes. Remuneration is paid in the form of deferred shares with the purpose of building long-term commitment among employees through share ownership.
The first transfer of deferred shares related to Swedbank’s remuneration programmes began in February 2014.
| No of shares | Dilution effect | |
|---|---|---|
| Original amount of own shares to secure the commitment of the remuneration programmes | 33 000 000 | |
| Transfer to employees 2014 | 3 249 423 | 0.3% |
| Transfer to employees 2015 | 3 148 605 | 0.3% |
| Transfer to employees 2016 | 5 328 070 | 0.5% |
| Transfer to employees 2017 | 2 897 801 | 0.3% |
| Transfer to employees 2018 | 3 044 740 | 0.3% |
| Transfer to employees 2019 | 1 630 028 | 0.1% |
| Transfer to employees 2020 | 1 687 386 | 0.15% |
| Transfer to employees 2021 | 1 443 018 | 0.13% |
| Transfer to employees 2022 | 1 636 011 | 0.15% |
| Transfer to employees 2023 | 1 725 596 | 0.15% |
| Current holding of own shares Dec 2023 | 7 209 322 |
To continuously adapt the bank’s capital structure to prevailing capital requirements, the Board was authorised by the 2023 AGM to resolve to repurchase up to 10 per cent of the total number of shares.
Swedbank’s total holding of own shares, including the shares traded on its own account within the securities operations, shall not exceed 10 per cent of the total number of Swedbank shares.
No. of outstanding shares
| 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 | |
|---|---|---|---|---|---|
| Issued shares | 1 132 005 722 | 1 132 005 722 | 1 132 005 722 | 1 132 005 722 | 1 132 005 722 |
| Repurchased shares | -8 934 918 | -10 570 929 | -12 013 947 | -13 701 333 | -15 331 361 |
| Number of outstanding shares on the closing day | 1 123 070 804 | 1 121 434 793 | 1 119 991 775 | 1 118 304 389 | 1 116 674 361 |
Further information regarding Swedbank's equity, equity-settled share-based programmes and securities operations is available here: