ING Bank Slaski S.A. commences an Equity Buyback Plan for 800,000 shares, representing 0.6% for PLN 200 million, under the authorization approved on April 27, 2022.
May 16, 2023
Share
ING Bank Slaski S.A. (WSE:ING) commences share repurchases on May 15, 2023, under the program mandated by shareholders in the Annual General Meeting held on April 27, 2022. As per the mandate, the company is authorized to repurchase up to 800,000 shares, representing 0.6% of its share capital for PLN 200 million. The shares will be repurchased between PLN 50 per share to PLN 500 per share. The purpose of the program is to execute the Incentive Scheme. The authorization will be valid till April 7, 2027.
On May 12, 2023, the company announced a share repurchase program. Under the program, the company will repurchase its own shares. Under the first tranche, the company will repurchase up to 24,931 shares. The repurchases under the tranche will commence from May 12, 2023, and will be valid till July 3, 2023 or when the maximum number of shares is bought back.
On December 5, 2023, the company announced a share repurchase program. Under the second tranche, the company will repurchase up to 22,800 shares. The repurchases under the tranche will commence from December 5, 2023, and will be valid till December 29, 2023 or when the maximum number of shares is bought back.
On March 11, 2024, the company announced a share repurchase program. Under the third tranche, the company will repurchase up to 16,292 shares. The repurchases under the tranche will commence from March 13, 2024, and will be valid till April 5, 2024 or when the maximum number of shares is bought back.
ING Bank Slaski SA is a Poland-based commercial Bank. The Bank divides its business into two segments: Retail Banking segment and Corporate Banking segment. Its offer includes currents accounts, savings, credits and loans credit and paying cards, insurances, electronic banking, broker activities and fund management and other activities connected with finance, insurance and pension funds. As of December 31, 2012, the Bankâs subsidiaries and affiliated entities were ING Securities SA, Centrum Banku Slaskiego Sp. z o.o., ING ABL Polska SA, ING Uslugi dla Biznesu SA, Solver Sp. z o.o. and ING Powszechte Towarzystwo Emerytalne SA. The Bankâs major shareholder was ING Bank NV, with a 75% stake of its capital.
ING Bank Slaski S.A. commences an Equity Buyback Plan for 800,000 shares, representing 0.6% for PLN 200 million, under the authorization approved on April 27, 2022.
ING BANK SLASKI S.A. 
