National Bank of Greece S.A. commences an Equity Buyback Plan for 13,720,727 shares, representing 1.5% for ?30 million, under the authorization approved on July 28, 2023.
December 19, 2023 at 10:29 am EST
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National Bank of Greece S.A. (ATSE:ETE) commences share repurchases on December 11, 2023, under the program mandated by shareholders in the Annual General Meeting held on July 28, 2023. As per the mandate, the company is authorized to repurchase up to 13,720,727 shares, representing 1.5% of its share capital for ?30 million. The shares will be repurchased at between the price range of ?1 to ?15 per share. The authorization will be valid till July 28, 2025. As of July 7, 2023, the company had 914,715,153 shares.
On September 21, 2023, the company announced a share repurchase program. Under the program, the company will repurchase its own shares. The purpose of the program is to satisfy a program for the free distribution of shares of the Bank to Senior Management executives or/and staff of the Bank and its affiliated companies.
National Bank of Greece SA is a Greece-based company, which provides a range of financial services. Its financial services include retail and commercial banking, asset management, brokerage, investment banking, insurance and real estate at a global level. The Group operates in Greece, Turkey, the United Kingdom, South East Europe (SEE) which includes Bulgaria, Romania, Albania, Serbia and Former Yugoslavian Republic of Macedonia (FYROM), Cyprus, Malta, Egypt and South Africa. The Bank operates through the following business segments: Retail Banking, Corporate and Investment Banking, Special Asset Unit (SAU), Global Markets and Asset Management, Insurance, International Banking Operations, Turkish Banking Operations, as well as Other that includes real estate management, hotel and warehousing businesses.
National Bank of Greece S.A. commences an Equity Buyback Plan for 13,720,727 shares, representing 1.5% for ?30 million, under the authorization approved on July 28, 2023.
NATIONAL BANK OF GREECE S.A. 
