Alm. Brand A/S Reports Progress in Share Buybacks for 2024
Alm. Brand A/S Share Buy-Back Program Overview
Alm. Brand A/S has initiated an ambitious share buy-back program, aiming to acquire shares up to the limit of DKK 150 million. This initiative was officially announced on a previous occasion, detailing the year's strategic financial maneuvers.
Recent Transactions in the Program
For the week commencing on 9 September 2024 and concluding on 13 September 2024, Alm. Brand A/S executed several noteworthy transactions under this buy-back program. Active management within this time frame has demonstrated the company’s commitment to enhancing shareholder value and improving liquidity in the market.
Detail of Transactions
The transactions made during this competitive trading week were substantial. On the first day of the reporting period, Alm. Brand acquired 150,000 shares at an average price of DKK 12.33, totaling DKK 1,849,290. The following days saw even greater activity, with notable purchases including 450,000 shares on 10 September at DKK 12.32 and further purchases on 11 September at DKK 12.20.
Week's Accumulated Data
By the end of the week, the company had amassed a total of 1,167,491 shares, with an average purchase price standing at DKK 12.31, culminating in a total investment of DKK 14,364,757. Collectively, with prior transactions, Alm. Brand A/S’s total shares bought back have reached 3,056,988, reinforcing the strategic positioning within the financial markets.
Ownership Structure Post Buy-back
As a result of the recent acquisitions, Alm. Brand A/S now owns a total of 27,784,932 shares, which constitutes approximately 1.80% of its total outstanding shares. This ownership structure reflects the company’s robust approach to shareholder engagement and financial stewardship.
Significance of the Share Buy-back Program
The ongoing share buy-back program is part of a broader strategy to bolster shareholder confidence and convey a positive outlook on the company's financial health. By reducing the number of outstanding shares, Alm. Brand A/S aims to increase earnings per share and ultimately enhance shareholder value over time.
Contact Information for Further Inquiries
For any questions or further discussions regarding the share buy-back program, stakeholders can reach out to Mads Thinggaard, Head of IR, Rating and ESG Reporting, via mobile at +45 2025 5469. Mads is well-equipped to provide detailed insights into the program and its implications for shareholders.
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buy-back program?
The program aims to enhance shareholder value and improve liquidity in the market by repurchasing shares up to DKK 150 million.
What were the total shares bought during the recent week?
In the week from 9 September to 13 September 2024, a total of 1,167,491 shares were purchased.
How much is Alm. Brand A/S investing in the share buy-back program?
The company has committed to investing up to DKK 150 million as part of its share buy-back strategy.
Who can investors contact for more information?
Investors can contact Mads Thinggaard, Head of IR, Rating and ESG Reporting, at +45 2025 5469.
What impact does the buy-back have on existing shareholders?
The buy-back program is expected to increase earnings per share, benefiting existing shareholders by potentially raising the share price.
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