Alm. Brand A/S Share Buyback Program Overview
Alm. Brand A/S has a well-structured share buyback program in place, designed to enhance shareholder value significantly. The program, initiated with a budget of DKK 150 million, reflects the company's commitment to returning capital to its shareholders while managing its employee share scheme effectively.
Recent Transactions and Progress
As part of the buyback initiative, Alm. Brand A/S reported key transactions for the week spanning 23 December 2024 to 27 December 2024. On 15 August 2024, the company revealed the initial buyback program details and subsequently decided to amplify the program by an additional DKK 70 million on 7 November 2024. This brought the total buyback budget to DKK 220 million, illustrating confident prospects for maintaining robust shareholder relations and support for employee ownership through stock purchases planned for 2025.
Weekly Trading Summary
The trading activities during the final week of December showcased considerable engagement in share acquisitions. Based on the latest figures, Alm. Brand A/S completed multiple transactions under the buyback scheme, as outlined below:
Detailed Buyback Transactions
1. **Cumulative Shares Before Recent Transactions**: Before the latest transactions, the company had already acquired a total of 13,503,035 shares at an average purchase price of DKK 13.18, totaling an investment of DKK 177,916,310.
2. **Transactions Completed**: In this particular week, Alm. Brand A/S purchased:
- 37,556 shares on 23 December 2024 at an average price of DKK 13.78, amounting to DKK 517,567.
- 55,000 shares on 27 December 2024 at an average price of DKK 13.97, totaling DKK 768,361.
3. **Weekly Totals**: Consequently, a total of 92,556 shares were acquired during the week at an average price of DKK 13.89, bringing the total investment for the week to DKK 1,285,928, raising the overall acquisition count to 13,595,591 shares.
Share Ownership Insights
With the recent acquisitions, Alm. Brand A/S now holds a total of 36,685,864 own shares, representing approximately 2.38% of all outstanding shares. This buyback initiative not only aims to return value to shareholders but also serves to bolster the company’s market standing by limiting the supply of shares in circulation.
Company Contact Information
If you have further inquiries or need assistance regarding the share buyback program, please reach out to:
Head of IR, Rating and ESG reporting
Mads Thinggaard
Mobile: +45 2025 5469
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buyback program?
The share buyback program is designed to return capital to shareholders and support the company’s employee share scheme.
How much did Alm. Brand A/S increase the buyback program by?
The buyback program was increased by DKK 70 million, bringing the total to DKK 220 million.
How many shares were bought back in the last week of December?
A total of 92,556 shares were purchased during the week of 23-27 December 2024.
What percentage of total outstanding shares does Alm. Brand A/S hold now?
Alm. Brand A/S currently holds 2.38% of the total outstanding shares.
Who can I contact for more information about the share buyback?
Questions can be directed to Mads Thinggaard, Head of IR, Rating, and ESG reporting at Alm. Brand A/S.
