Alm. Brand A/S Expands Share Buyback Program Significantly
Alm. Brand A/S Share Buyback Program Overview
Alm. Brand A/S has embarked on an extensive share buyback program that reflects the company's commitment to enhancing shareholder value. Recently, the company announced a buyback initiative with a budget of up to DKK 150 million, following their earlier disclosures. This move comes in light of the regulations set out by the European Parliament, specifically Regulation No 596/2014, emphasizing the company's compliance to safeguard the interests of its investors.
Recent Transactions and Progress
During week number 39 of the buyback program, which took place from 23 September to 27 September, Alm. Brand A/S executed several significant share purchases. These transactions demonstrated a robust approach to managing capital and reflect confidence in the company's long-term prospects. For instance, throughout this week alone, the company acquired a total of 371,484 shares, with an average purchase price of DKK 12.69.
Summary of Transactions
The transactions carried out during this week are noteworthy: accumulated shares at the last announcement stood at 3,897,199, and the latest actions brought the total shares acquired under the program to 4,268,683. This is a clear indicator of Alm. Brand A/S's proactive strategy in optimizing its share structure and returning capital to shareholders.
Financial Impact of the Buybacks
Alm. Brand A/S spent approximately DKK 4,712,749 on the shares acquired in the recent week. The consistent upward trajectory of share purchases under this program illustrates the company’s strategic dedication to maintaining a healthy balance between operational growth and returning value to shareholders. Currently, Alm. Brand A/S holds a total of 28,996,627 shares, representing about 1.88% of the overall outstanding shares.
Communicating with Investors
Transparency and open communication with stakeholders remain a priority for Alm. Brand A/S. The company encourages any inquiries regarding their share buyback announcements to be directed to Mads Thinggaard, who serves as the Head of Investor Relations, Rating, and ESG Reporting. His extensive experience and responsibilities position him as a reliable point of contact for any shareholder queries.
For further engagement, Mads can be contacted directly via mobile at +45 2025 5469.
Frequently Asked Questions
What is the purpose of Alm. Brand A/S’s share buyback program?
The program aims to return capital to shareholders, enhance shareholder value, and exhibit confidence in the company’s future performance.
How many shares has Alm. Brand A/S bought back recently?
In the latest transactions, approximately 371,484 shares were acquired during week 39, bringing the total under the buyback program to 4,268,683 shares.
Who can I contact for more information about the buyback program?
You can reach out to Mads Thinggaard, the Head of Investor Relations, at +45 2025 5469 for inquiries regarding the share buyback program.
What is the average purchase price for the shares bought back?
The average purchase price for shares acquired during week 39 stands at DKK 12.69, reflecting the strategic pricing for buybacks.
How does the buyback program impact stakeholders?
The buyback program is designed to increase the value of existing shares, thereby benefiting stakeholders through a potential appreciation in share value and improved market confidence.
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