Alm. Brand A/S Share Buy-Back Program Overview
Alm. Brand A/S has embarked on an ambitious share buy-back initiative designed to enhance shareholder value. This program not only demonstrates the company's commitment to returning capital to its investors but also aligns with its strategic objectives for the future.
Recent Transactions Under the Buyback Program
During the week from December 16 to December 20, 2024, Alm. Brand A/S executed significant transactions under its share buy-back program, which was initially announced on August 15, 2024. The company introduced a buy-back plan with a budget of DKK 150 million, reflecting a robust strategy to reinforce its share value.
Subsequent to this announcement, on November 7, 2024, Alm. Brand A/S raised the total limit of the program by DKK 70 million, reaching a total capacity of DKK 220 million. This increase aims to facilitate purchases for the employee share scheme earmarked for 2025 and has further extended the buy-back program's duration until January 31, 2025.
Compliance with Regulatory Framework
The share buy-back activities are conducted in compliance with the European regulation No 596/2014 and its respective subordinate regulations, ensuring that all transactions adhere to established market standards. This regulatory adherence instills confidence in shareholders about the legitimacy and transparency of Alm. Brand A/S's operations.
Transaction Highlights of Week 51
In week number 51, a total of 1,391,873 shares were acquired under the buy-back program. Here is a breakdown of the transactions carried out:
Weekly Transactions Summary:
- Accumulated Shares Before Transactions: 12,111,162 shares at an average price of DKK 13.07, totaling DKK 158,312,074.
- Total Shares Bought on December 16: 168,703 shares at an average price of DKK 14.42, amounting to DKK 2,432,157.
- Total Shares Bought on December 17: 371,697 shares at an average price of DKK 14.31, amounting to DKK 5,319,356.
- Total Shares Bought on December 18: 325,000 shares at an average price of DKK 14.18, amounting to DKK 4,609,053.
- Total Shares Bought on December 19: 250,994 shares at an average price of DKK 13.93, amounting to DKK 3,496,522.
- Total Shares Bought on December 20: 275,479 shares at an average price of DKK 13.60, amounting to DKK 3,747,148.
Total for the Week: 1,391,873 shares bought at an average price of DKK 14.08, totaling DKK 19,604,236.
Current Shareholding Post Transactions
As a result of this week’s transactions, Alm. Brand A/S now holds a total of 36,593,308 of its own shares, representing 2.37% of the overall outstanding shares. This ownership stake signifies the company's strong market presence and its proactive approach towards managing its equity structure.
Contact Information
If you have any questions regarding this share buyback announcement, please reach out to:
Mads Thinggaard
Head of IR, Rating and ESG Reporting
Mobile: +45 2025 5469
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buy-back program?
The share buy-back program aims to enhance shareholder value and is part of the company's broader strategy for capital management.
How much has Alm. Brand A/S allocated for the share buy-back program?
The total budget for the share buy-back program has been increased to DKK 220 million.
When does the current buy-back program end?
The buy-back program is set to continue until January 31, 2025.
How many shares has Alm. Brand A/S bought back recently?
In the last reported week, Alm. Brand A/S bought back a total of 1,391,873 shares.
What percentage of outstanding shares does Alm. Brand A/S currently own?
The company currently holds 2.37% of the total number of outstanding shares.
