Nordea Bank Abp Nordea’s Board resolves on transfer of shares...

RNS Number : 7920H

Nordea Bank Abp

21 March 2024

 

Nordea's Board resolves on transfer of shares under variable remuneration programmes

Nordea Bank Abp
Stock exchange release - Other information disclosed according to the rules of the Exchange
21 March 2024 at 11.45 EET

Nordea Bank Abp's ("Nordea") Board of Directors has today resolved on a transfer of own shares with deviation from the shareholders' pre-emptive rights by way of a directed issuance pursuant to Nordea's variable remuneration awards. The resolution is based on the authorisation granted to the Board of Directors by the Annual General Meeting 2023.

In the share issuance, a maximum of 2,700,000 own shares held by Nordea will be transferred without consideration to participants of variable pay programmes according to the applicable terms and conditions of the programmes and regulatory requirements to settle Nordea's commitments for payment of part of variable pay in shares. The transferred shares are subject to a retention period in accordance with applicable regulations.

The shares will be transferred on or around 4 April 2024, at the earliest, in one or several instalments.

For further information:

Ilkka Ottoila, Head of Investor Relations, [phone]
Media inquiries, [phone] or [e-mail]

The information provided in this stock exchange release was submitted for publication through the agency of the contact person set out above, at 11.45 EET on 21 March 2024.

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