Alm. Brand A/S Share Buyback Program Overview
Alm. Brand A/S recently highlighted significant activity in its share buyback program, affirming its commitment to enhancing shareholder value. This program demonstrates the company's robust financial strategy and dedication to returning capital to shareholders.
Transactions from Recent Week
The share buyback program was initiated with a budget of up to DKK 150 million. Following an announcement to increase the budget by DKK 70 million, the total allocation for the program now stands at DKK 220 million. This increase aims to facilitate stock purchases for the company’s upcoming employee share scheme slated for next year. Furthermore, the program is extended until January 31 of the next year, providing ample time for its execution.
Transaction Details
During the week in question, the company reported several share purchases, demonstrating a concerted effort to comply with financial regulations while buying back shares. The recorded transactions included:
- **Accumulated as of last announcement:** 11,319,022 shares bought at an average price of 12.99 DKK for a total of 146,984,450 DKK.
- **9 December:** 245,501 shares purchased at an average price of 14.31 DKK, totaling 3,514,052 DKK.
- **10 December:** 315,805 shares bought at 14.33 DKK, amounting to 4,526,307 DKK.
- **11 December:** A total of 120,252 shares at an average price of 14.22 DKK, equating to 1,709,587 DKK.
- **12 December:** 77,282 shares purchased at 14.26 DKK, totaling 1,101,701 DKK.
- **13 December:** The company bought 33,300 shares at an average price of 14.29 DKK, amounting to 475,977 DKK.
Total and Accumulation Under the Program
In total, during this specific week, Alm. Brand A/S bought back 792,140 shares at an average purchase price of 14.30 DKK, for a total expenditure of 11,327,624 DKK. Cumulatively, the company has repurchased 12,111,162 shares under the program at an average cost of 13.07 DKK, bringing the total expenditure to 158,312,074 DKK.
Compliance with Regulatory Standards
The company's actions are fully compliant with the regulations set forth by the European Parliament and Council, ensuring transparency and adherence to market integrity through the Safe Harbour Regulations. These measures are in place to protect both investors and the integrity of the market while executing such programs.
Impact on Shareholder Value
With these share purchases, Alm. Brand A/S currently holds a total of 35,201,435 of its own shares, which represents approximately 2.28% of the overall outstanding shares. This strategic buyback is expected to support the stock price by reducing the supply of shares on the market, thereby potentially increasing value for existing shareholders.
Contact Information
If you have any inquiries regarding this announcement or the share buyback program, please reach out to: Head of IR, Rating and ESG Reporting, Mads Thinggaard at Mobile: +45 2025 5469.
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buyback program?
The program aims to enhance shareholder value by repurchasing shares, which can support stock prices and offer investors a return on capital.
How much has Alm. Brand A/S set aside for the share buyback program?
Initially set at DKK 150 million, the budget has since been increased to DKK 220 million to facilitate the program's execution.
What regulatory compliance does Alm. Brand A/S follow during shares buybacks?
The company adheres to regulations established by the European Parliament and Council, including the Safe Harbour Regulations, ensuring market compliance.
What were the total shares bought back during week 50?
During week 50, Alm. Brand A/S repurchased a total of 792,140 shares at an average price of 14.30 DKK.
Who can I contact for inquiries about the share buyback program?
You can contact Mads Thinggaard, Head of IR, Rating and ESG reporting, at +45 2025 5469 for any questions related to the program.
