Alm. Brand A/S Expands Share Buyback Program with New Transactions
Alm. Brand A/S Share Buyback Program Overview
Alm. Brand A/S is actively investing in its future through a robust share buyback program. This initiative aims to enhance shareholder value by purchasing up to DKK 835.2 million in shares. The company has communicated its efforts to continuously support its investors while also complying with relevant regulations.
Latest Transactions within the Share Buyback Program
During the most recent weekly reporting period, specifically from March 5 to March 7, 2025, Alm. Brand A/S executed a series of strategic transactions as part of its ongoing buyback efforts. These transactions affirm the company's dedication to providing value to its shareholders amidst a fluctuating market environment.
Share Acquisitions Break Down
This week saw notable activity with the acquisition of a total of 740,000 shares across the three days:
- On March 5, a total of 250,000 shares were purchased at an average price of DKK 16.25, amounting to DKK 4,062,500.
- On March 6, an additional 250,000 shares were acquired at an average price of DKK 16.02, costing DKK 4,005,000.
- Finally, on March 7, the company bought 240,000 shares at an average price of DKK 16.26, totaling DKK 3,902,400.
The overall expenditure for these transactions totaled DKK 11,969,900 for the week, demonstrating Alm. Brand A/S's significant commitment to repurchasing its shares.
Total Holdings Post-Transactions
As a result of these transactions, Alm. Brand A/S currently holds a total of 94,159,230 own shares. This figure represents approximately 6.11% of the company’s overall outstanding shares, indicating a strong position in the market.
Commitment to Shareholders and Future Outlook
Alm. Brand A/S’s ongoing buyback program is a testament to the company’s commitment to enhancing shareholder value. Through careful planning and execution, the company aims to bolster its market presence and investor confidence.
Communication with Investors
The company encourages open dialogue and welcomes any inquiries regarding this announcement. For questions or further clarification, investors and equity analysts can reach out to Mads Thinggaard, the Head of IR, Rating and ESG Reporting, at mobile number +45 2025 5469. This direct communication reinforces Alm. Brand A/S’s commitment to transparency and responsiveness to its stakeholders.
Frequently Asked Questions
What is the aim of Alm. Brand A/S's share buyback program?
The buyback program aims to enhance shareholder value by repurchasing shares, reflecting the company's strong financial health.
How many shares did Alm. Brand A/S buy back in the recent transactions?
In the latest transactions, Alm. Brand A/S bought back a total of 740,000 shares.
What was the total expenditure for the share buybacks during the week?
The total expenditure for the share buybacks during this reporting week amounted to DKK 11,969,900.
Who can I contact for more information regarding the buyback program?
Investors can contact Mads Thinggaard, the Head of IR, Rating and ESG Reporting, for any inquiries related to the buyback program.
What percentage of outstanding shares does Alm. Brand A/S own after the buybacks?
After the recent buybacks, Alm. Brand A/S holds approximately 6.11% of the total outstanding shares.
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