On 1 April 2004, the Annual General Meeting resolved to authorise the Board to decide on the acquisition of own shares in order to facilitate an effective management of the Group´s capital and to hedge the outstanding employee stock options. The acquisitions may take place during the period until the ordinary Annual General Meeting in 2005.
As of December 15, 2004 SEB has repurchased 31,180,000 Class A and 4,078,600 Class C shares increasing its holdings to 5.0044 per cent. Repurchase of shares for effective capital management amounts to 15,858,600 and for employee stock options to 19,400,000 shares.
Source: SEB
