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Share repurchase plan

Authorisation from the Board

Authorisation from 2019 

The annual general meeting on 27 March 2019 authorised the Board to resolve on the purchase of Handelsbanken’s own class A and/or B shares until the AGM in 2020 on the following conditions:
  • The purchases shall be made on Nasdaq Stockholm AB
  • The Bank may purchase a total of no more than 120,000,000 class A and/or B shares or a higher number which comprises a percentage adjustment for an increase in the number of shares in Handelsbanken due to conversion of convertibles or a stock split
  • When they are purchased, the shares shall be paid for at a price within the registered price range at any time, or at a price in compliance with Nasdaq Stockholm AB's rules regarding volume-weighted average prices
  • The aggregated holding of the Bank's own shares, including shares in the trading book, shall not at any time exceed one-tenth of the total number of shares in the Bank
  • Purchases may take place within the scope of a buyback program in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council and the Commission delegated regulation (EU) 2016/1052

Other authorisation

The AGM also authorised the Board

a) to resolve on divestment of the Bank’s own shares, deviating from the shareholders’ preferential rights, as payment in connection with an acquisition of a company or business, and 

b) to resolve on divestment of the Bank’s own shares on Nasdaq Stockholm AB at a price within the registered price range at any time, or in some other way than through Nasdaq Stockholm AB, in order to finance acquisition of a company or business, with or without preferential rights for the shareholders, and with or without provisions on payment in kind or through a set-off. In this case, if divestment deviates from the shareholders’ preferential rights, the remuneration for shares sold must correspond to an estimated market value and can be payable in forms other than cash. In other respects, the following terms shall apply:

  • The authorisations can be utilised on one or more occasions until the next AGM
  • The authorisation on divestment covers all class A or B shares in Handelsbanken held by the Bank at the time of the Board's resolution

Previous share repurchases

Year Event
2018
At the 2018 AGM the Board received a mandate to repurchase up to 120 million shares up until the 2019 AGM. The mandate was never used.
2017 At the AGM the Board received a mandate to repurchase up to 120 million shares up until the 2018 AGM. The mandate was never used.
2016 At the AGM the Board received a mandate to repurchase up to 120 million shares up until the 2017 AGM. The mandate was never used.
2015 At the AGM the Board received a mandate to repurchase up to 40 million shares up until the 2016 AGM. The mandate was never used.
2014 At the AGM the Board received a mandate to repurchase up to 40 million shares up until the 2015 AGM. The mandate was never used.
2013 At the AGM the Board received a mandate to repurchase up to 40 million shares up until the 2014 AGM. The mandate was never used.
2012 At the AGM the Board received a mandate to repurchase up to 40 million shares up until the 2013 AGM. The mandate was never used.
2011 At the AGM the Board received a mandate to repurchase up to 40 million shares up until the 2012 AGM. The mandate was never used.
2010
At the AGM the Board received a mandate to repurchase up to 40 million shares up until the 2011 AGM. The mandate was never used.
2009 At the AGM the Board did not receive any mandate to repurchase shares (other than for the trading book).
2008 At the AGM, the Bank's Board received a mandate to repurchase 20 million shares during the period until the 2009 AGM. The mandate was never used.
2007

At the AGM, it was resolved to cancel the shares that the Bank had repurchased under the previous year's mandate. This process was completed on 14 May 2007, when 20,427,300 class A shares and 305,500 class B shares were cancelled.

At the AGM, the Bank's Board again received a mandate to repurchase 40 million shares during the period until the 2008 AGM. On 24 April 2007, repurchases started pursuant to this decision, and 4,830,000 class A shares were repurchased. At the 2008 AGM, it was resolved to cancel these shares. This process was completed on 28 May 2008.

2006
The AGM gave the Board a new mandate to repurchase 40 million shares during the period until the 2007 AGM.
2005

At the AGM Handelsbanken's Board was authorised to repurchase 40 million shares up to the time of the AGM 2006. This authorisation was utilised during the period 26 October 2005 - 16 March 2006, when Handelsbanken repurchased 20.6 million shares, of which 13.2 million shares were repurchased in 2005. 

At the AGM in 2006, it was decided to cancel these shares. The cancellation process was completed on 13 June 2006.

2004
At the AGM the Board received a new authorisation to buy back 40 million shares until the AGM 2005 and to sell shares which have already been repurchased for the purpose of financing any future acquisitions. The Bank utilised this mandate and repurchased a total of 16.5 million shares.
The 23.7 million class B shares which were repurchased during 2004 were cancelled in accordance with a decision by the AGM in 2005.
2003 At the AGM, the Board was authorised to repurchase up to 20 million shares during the year until the AGM 2004. The Bank neither repurchased shares nor sold shares during 2003. In February and March 2004, 7.2 million shares were repurchased.
2002 The Bank neither repurchased nor sold shares.
2000 At the AGM Handelsbanken was given a mandate to repurchase its own shares. This opportunity was used in both 2000 and 2001. Handelsbanken repurchased a total of 21.4 million shares net which were cancelled on 5 July 2004.