ING Groep N.V. (ENXTAM:INGA) commences share repurchases on May 12, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2022. As per the mandate, the company is authorized to repurchase not repurchase more than 10% of its issued share capital at any given point in time. The shares will be repurchased at a price not higher than 110% of the opening price of the company's shares on Euronext Amsterdam on the day of the purchase or on the preceding day. The shares will be repurchased at a price not lower than €0.01 per share. The program will be valid till October 25, 2023, or the date of renewal of this authorization, whichever is earlier.

On May 6, 2022, the company announces a share repurchase program. Under the program, the company will repurchase up to €380 million worth of its shares. The purpose of the share buyback program is to reduce the share capital of the company. The company has entered into a non-discretionary arrangement with a broker to repurchase its own shares. The repurchases will commence on May 12, 2022, and the program will run till November 2, 2022.