Nordea Bank Abp (OTC: NRDBY) has taken a strategic step towards capital optimization by officially canceling 12,285,688 of its treasury shares, as announced in a recent stock exchange release. This decision, which was made by the Board of Directors, has resulted in a reduction of the total number of shares issued by Nordea to 3,557,459,330, each carrying an equal number of voting rights.
These treasury shares were originally acquired as part of Nordea’s capital optimization efforts through share buy-backs. The cancellation process was duly registered with the Finnish Trade Register earlier today.
In light of this development, Nordea Bank Abp still retains 1,076,806 treasury shares for the purpose of capital optimization, in addition to 4,787,315 treasury shares designated for remuneration purposes.
With a rich history spanning over two centuries, Nordea Bank Abp has played a pivotal role in fostering financial development within the Nordic economies. The institution is publicly listed on the Nasdaq Helsinki, Nasdaq Copenhagen, and Nasdaq Stockholm exchanges, reflecting its commitment to transparency and robust corporate governance.
