The FINANCIAL — ING announced on December 17 that, in line with the launch of its EUR 5.0 billion share buy back programme on 4 June 2007, the company has repurchased 2,990,000 (depositary receipts for) shares during the week of 10 December until 17 December.
According to ING, the (depositary receipts for) shares were repurchased at an average price of EUR 27.07 for a total amount of EUR 80,927,755.00.
"The total number of (depositary receipts for) shares repurchased under this programme to date is 87,022,824 ordinary shares for a total consideration of EUR 2,668,188,650.50. To date approximately 53.4% of the repurchase programme has been completed.
The repurchase programme is expected to run until June 2008." ING reports.
