Nordea Bank Announces Share Transfer Under Variable Remuneration Programs

Nordea Bank Abp has disclosed a new resolution by its Board of Directors regarding the transfer of own shares as part of its variable remuneration programs. This decision enables the directed transfer of up to 2,700,000 of its own shares to participants of these programs without any cost. The action stems from the authorization received at the 2023 Annual General Meeting.

The initiative is designed to fulfill Nordea's obligations for the payment of a portion of the variable compensation in shares. Moreover, these shares are bound by a holding period complying with current regulations. The distribution of shares is slated to commence on or about April 4, 2024, and possibly in multiple tranches.

This operation represents a strategic approach by Nordea to compensate and motivate its personnel, aligning employees' interests with those of the company and its shareholders. For inquiries, Nordea has made available contact information for both investor relations and media communications.