Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 217

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 16E
Chunk 217
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 purchases above this amount were funded by the executing broker. Based on the total programme period, the effective average price for ING was EUR 12.83. The purpose of the share buyback programme was to reduce the share capital of ING. It is a next step in converging our CET1 ratio towards our target of around 12.5% by the end of 2025. The shares have been cancelled in April 2024.
General
All share buyback programmes have been approved by the ECB and were executed within the limitations of the existing authority of a maximum of 20% of the issued shares as granted by the general meeting of shareholders on 22 April 2024, or a maximum of 10% of the issued shares as granted by the general meeting of shareholders on 24 April 2023, in compliance with the Market Abuse Regulation. For each buyback, ING entered into a non-discretionary arrangement with a financial intermediary to conduct the buybacks, except for the share repurchase programmes for the employee share-based compensation plans which were executed by ING.
ING Groep N.V. has no other publicly announced plans or programmes to repurchase shares. In 2024, ING Groep N.V. did not determine to terminate any publicly announced plans or programmes prior to expiration, or determine that it intends not to make any further purchases under any publicly announced plans or programmes.
There were no other purchases by us or any of our affiliated purchasers of any of our equity securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 during the fiscal years ended December 31, 2024 and 2023.

ING Group Annual Report 2024 on Form 20-F 

Contents       Part I         Part II        Part III       Additional information        Financial statements    

Purchases of Equity Securities by the Issuer and affiliated Purchasers                                                                                                                                                                                                                                                                                                           
Month of purchase                                                                         Total number of shares purchased1       Average price paid per share in EUR         Total number of shares purchased as part of publicly announced plans or programmes 2, 3, 4, 5        Maximum Value of shares that may yet be purchased under the plans or programmes in EUR million
January 2024                                                                                                     29,561,721                                     13.02                                                                                            29,561,721                                                                                                   133
February 2024                                                                                                    11,555,298                                     12.23                                                                                            11,555,298                                                                                                      
March 2024                                                                                                        3,