Alm. Brand A/S Reports on Recent Share Buyback Activities
Introduction to Alm. Brand A/S Share Buyback Program
Alm. Brand A/S has initiated a robust share buyback program to enhance shareholder value. This initiative signifies the company's confidence in its financial stability and future growth prospects. The program aims to repurchase shares worth up to DKK 150 million, as first announced in August 2024, and has subsequently been expanded.
Recent Transactions Overview
During the week spanning January 20 to January 24, 2025, Alm. Brand A/S executed several transactions as part of its ongoing buyback strategy. Following the initial announcement and later expansion of the program to DKK 220 million, these transactions have further reinforced the company's objective of returning capital to shareholders while supporting its employee share scheme for 2025.
Weekly Transaction Details
The weekly activities under the buyback program revealed a significant volume of shares repurchased. Below is a comprehensive breakdown of the transactions made during that week:
Breakdown of Shares Purchased
Throughout the week, a total of 512,503 shares were bought back at an average purchase price of DKK 14.81, amounting to a total expenditure of DKK 7,589,241. The accumulated shares repurchased since the program's inception reached 16,116,190 shares, showcasing Alm. Brand A/S's proactive approach in managing its capital structure.
Strategic Importance of Share Buybacks
Engaging in share repurchases is a strategic move that many companies, including Alm. Brand A/S, employ to enhance their stock's value. By reducing the number of outstanding shares, the company's earnings per share (EPS) can increase, making shares more attractive to investors. The buyback initiative is not only focused on immediate financial metrics but also plays a critical role in building long-term shareholder trust. It demonstrates confidence in the company's ability to generate cash and deliver returns.
Impact on Shareholder Structure
With the recent transactions, Alm. Brand A/S now holds a total of 39,206,463 of its own shares, which constitutes approximately 2.54% of the total outstanding shares. This increase in ownership is instrumental as it amplifies the company's control over its capital returns and enables management to align its objectives closely with those of shareholders.
Contact Information
For inquiries regarding this announcement, stakeholders are encouraged to reach out to Mads Thinggaard, Head of IR, Rating and ESG Reporting. He 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 enhance shareholder value by repurchasing shares, thereby increasing earnings per share and overall investor confidence.
How much has Alm. Brand A/S allocated to the share buyback program?
The initial allocation was set at DKK 150 million and later increased to DKK 220 million.
What were the total shares repurchased in the last week of transactions?
A total of 512,503 shares were bought back during the week of January 20 to January 24, 2025.
Who can I contact for more information about the buyback program?
Inquiries can be directed to Mads Thinggaard, Head of IR, Rating and ESG Reporting, at +45 2025 5469.
What percentage of shares does Alm. Brand A/S currently hold?
Alm. Brand A/S currently owns 39,206,463 shares, approximately 2.54% of the total outstanding shares.
About The Author
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