SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For November 26, 2002
ING GROEP N.V.
Amstelveenseweg 500
1081-KL Amsterdam
The Netherlands
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
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This Report contains a copy of the following:
(1) The Press Release issued on November 26, 2002
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[ING GROUP LOGO]
PRESS RELEASE
Amsterdam, 26 November 2002
ING GROUP COMPLETES SALE OF 36 MILLION OWN SHARES*
ING Group has successfully completed the sale of 36 million (depositary receipts
for) ING Group ordinary shares which are currently held by ING as treasury
stock.
As announced in a press release this morning, the sale follows a policy change
with regard to the hedge of future obligations arising from the ING Group
employee stock options plan. The 100% hedge policy has been replaced by a delta
hedge policy. As a result ING has now brought down the number of own shares in
portfolio.
The 36 million shares have been sold at a price of EUR 18.14 per share in cash,
generating proceeds of approximately EUR 650 million. The transaction
strengthens ING Group's solvency, as the entire proceeds will be added to
shareholders' equity.
The sale of the shares was co-ordinated by ING Investment Banking and Schroder
Salomon Smith Barney.
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Press enquiries:
Joyce Hulst, ING Group Corporate Communications, tel. +31 20 541 5469
NOTE TO EDITORS
THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SECURITIES IN THE UNITED
STATES, AND THE SECURITIES MAY NOT BE SOLD IN THE UNITED STATES ABSENT
REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF
1933, AS AMENDED. THERE WILL NOT BE A PUBLIC OFFERING OF THE SECURITIES IN THE
UNITED STATES.
* NOT FOR DISTRIBUTION IN THE UNITED STATES
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ING Groep N.V.
(Registrant)
By: /s/ C.F. Drabbe
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C. F. Drabbe
Assistant General Counsel
By: /s/ H. van Barneveld
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H. van Barneveld
General Manager Corporate Control
& Finance
Dated: November 26, 2002
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