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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.

Development holding of repurchased shares
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%
Current holding of own shares Dec 2018
15 331 361  

To continuously adapt the bank’s capital structure to prevailing capital requirements, the Board was authorised by the 2018 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

Number of outstanding shares SWED A
31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015
Issued shares 1 132 005 722 1 132 005 722 1 132 005 722 1 132 005 722
Repurchased shares -15 331 361 -18 376 101  -21 273 902 -26 601 972
Number of outstanding shares on the closing day
1 116 674 361 1 113 629 621 1 110 731 820 1 105 403 750

Further information regarding Swedbank's equity, equity-settled share based programmes and securities operations is available here: