Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 216

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 16E
Chunk 216
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Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share buyback programmes executed in 2024
On 31 October 2024, ING announced a shareholder distribution of up to EUR 2,500 million. The distribution consists of a share buyback programme for a maximum total amount of EUR 2,000 million and an additional cash distribution of EUR 500 million. The share buyback programme is expected to end no later than 30 April 2025. The purpose of the additional distribution is to converge our CET1 ratio towards our target of around 12.5%.
On 2 May 2024, ING announced a share buyback programme under which it planned to repurchase ordinary shares of ING Groep N.V., for a maximum total amount of EUR 2,500 million. The share buyback programme was completed on 15 October 2024. The total number of ordinary shares repurchased under the programme is 155,990,753 at an average price of EUR 15.94 for a total consideration of EUR 2,486 million. The purpose of the share buyback programme is to converge our CET1 ratio towards our target of around 12.5%. The shares have been cancelled in November and December 2024.
On 4 March 2024, ING announced a share buyback programme for a maximum total amount of EUR 50 million. The share buyback programme was executed by ING and completed on 5 March 2024 for a total consideration of EUR 43.1 million. The purpose of the share repurchase programme was to meet obligations under the share-based compensation plans. After fulfilling delivery obligations under the employee share-based compensation scheme, the buyback programme had negligible impact on our CET1 ratio.
On 2 November 2023, ING announced a share buyback programme for a maximum total amount of EUR 2,500 million. The share buyback programme was completed on 5 February 2024. The total number of 

shares repurchased under the programme is 194,812,543 ordinary shares at an average price of EUR 12.87 for a total consideration of EUR 2,508 million. The purchases exceeded 100% due to performance arrangements, including the average price per share, with our executing broker for the programme. The broker repurchased shares until the performance arrangements were fulfilled. The total consideration for ING was limited to EUR 2,500 million. The excess