Alm. Brand A/S Reports Significant Progress in Share Buybacks
Overview of Alm. Brand A/S Share Buyback Program
Alm. Brand A/S has been actively engaged in a share buyback program that aims to enhance shareholder value. This program shows the company's commitment to returning capital to its shareholders and strategically managing its equity.
Recent Transactions Under the Buyback Program
In the most recent reporting week, which covers a period of transactions, Alm. Brand A/S reported significant buybacks. On 6 February 2025, the company announced a plan to repurchase shares worth up to DKK 52.2 million.
Weekly Insights
From 10 February to 14 February 2025, various transactions under the share buyback program occurred. A total of 1,040,000 shares were bought back over this week, leading to a total expenditure of DKK 16,223,200. This demonstrates the robust interest Alm. Brand A/S has in repurchasing its shares, which reflects positively on its financial health.
Daily Breakdown of Transactions
Here’s a closer look at the transactions made during the week:
- 10 February 2025: 230,000 shares at an average price of DKK 15.57
- 11 February 2025: 210,000 shares at DKK 15.61
- 12 February 2025: 200,000 shares at DKK 15.61
- 13 February 2025: 200,000 shares at DKK 15.63
- 14 February 2025: 200,000 shares at DKK 15.58
Total Share Holdings
As a result of these transactions, Alm. Brand A/S currently holds a total of 44,234,925 own shares, representing approximately 2.87% of the company's total outstanding shares. This significant holding underscores the company's intention to maintain control and enhance shareholder engagement.
Future Plans and Strategy
Moving forward, Alm. Brand A/S plans to continue its buyback strategy, which is expected to reinforce investor confidence. The company aims to capitalize on market conditions that allow them to acquire shares at favorable prices, thereby creating a win-win situation for both the company and its investors.
Long-term Benefits for Shareholders
By participating in the buyback program, Alm. Brand A/S is not only reducing the total number of shares in circulation, which can enhance earnings per share, but is also signaling strong financial performance and expected future growth.
Contact Information for Investors
For additional inquiries regarding this announcement, stakeholders are encouraged to reach out to the company's Investor Relations department:
Mads Thinggaard
Head of IR, Rating and ESG Reporting
Mobile: +45 2025 5469
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to enhance shareholder value by reducing the total shares in circulation, which can lead to a higher earnings per share ratio.
How much has Alm. Brand A/S spent on the buyback program so far?
As of now, the company has spent a total of DKK 23,373,900 under the ongoing share buyback program.
What percentage of shares does Alm. Brand A/S currently own?
Alm. Brand A/S holds approximately 2.87% of its total outstanding shares due to the share buyback activities.
How many shares were bought back in the latest week?
In the latest week, Alm. Brand A/S bought back a total of 1,040,000 shares.
Who can investors contact for more information?
Investors can contact Mads Thinggaard, the Head of IR, for any questions regarding the share buyback program.
About The Author
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