ING Groep N.V.
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Publicatie datum
22 nov 2006 - 08:11
Statutaire naam
ING Groep N.V.
Titel
ING buys 4,190,000 shares to hedge employee options
Bericht
ING Groep N.V. purchased 4,190,000 (depositary receipts for) ordinary ING shares for its delta hedge portfolio, which is used to hedge employee options. The shares were purchased on the open market between 14 and 21 November at an average price of EUR 33.92 per share.
ING does not issue new shares to cover employee options. Instead, employees receive shares from the delta hedge portfolio, which is maintained to minimise the market risks and price fluctuations that arise from the employee option programmes. The hedge position is adjusted periodically, generally on a quarterly basis, during the open period in accordance with regulatory requirements and ING’s policies to prevent market manipulation.
The hedge book currently holds 52.8 million (depositary receipts for) ordinary ING shares, representing 2.4 % of the total 2,205 million shares outstanding.
Datum laatste update: 01 september 2024