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BinckBank completes share repurchase programme.

Global Banking News-September 27, 2016--BinckBank completes share repurchase programme

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Global Banking News - 27 September 2016

BinckBank N.V. (EUR: BINCK) has said that it has completed its share repurchase programme, announced on February 19, 2016, for a total amount of EUR25m.

BinckBank has outsourced the execution of the share buyback programme to ABN AMRO Bank N.V. (NYSE: ABN), in compliance with the regulatory norms.

BinckBank has bought 52,456 shares at an average purchase price of EUR5.1841 during the period of September 19, 2016, up to and including September 23, 2016. In September, a total of 197,004 shares were bought at an average price of EUR 5.2283 per share. For the period from February 19, 2016, up to and including September 23, 2016, 4,632,720 shares have been repurchased under the share repurchase programme, for an average price of EUR5.3539 per share, the bank said.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Sep 27, 2016
Words:180
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