Alm. Brand A/S Reports Weekly Share Buybacks
Alm. Brand A/S Share Buy-back Program
Alm. Brand A/S, a respected player in the finance sector, has announced details regarding its share buy-back program. This initiative is set to enhance shareholder value and strengthen the company's market position. The program involves a total budget of up to DKK 150 million as outlined in company announcement no. 40/2024.
Details of Transactions
During the week spanning from August 19 to August 23, a series of transactions were executed as part of this buy-back program. These transactions, complying with the MAR regulations and the Commission Delegated Regulation (EU) 2016/1052, illustrate Alm. Brand A/S's commitment to maintaining shareholder trust while managing its equity structure effectively.
Weekly Transaction Breakdown
Throughout the thirty-fourth week of the year, the following share purchases were made under the program:
Accumulated Transactions
The accumulated number of shares bought back until this point stands at 709,568 shares. Below is a summary of the key transactions that occurred this week:
- August 19: 75,041 shares at an average price of 11.95 DKK
- August 20: 25,431 shares at an average price of 12.00 DKK
- August 21: 139,273 shares at an average price of 12.00 DKK
- August 22: 100,000 shares at an average price of 12.01 DKK
- August 23: 72,162 shares at an average price of 12.00 DKK
These transactions indicate a total of 411,907 shares purchased throughout the week, equating to a total monetary value of 4,940,380 DKK at an average purchase price of 11.99 DKK.
Shareholding Status
As a result of these transactions, Alm. Brand A/S currently holds a total of 26,120,747 shares, accounting for approximately 1.69% of the total outstanding shares. This strategic move not only signals the company’s confidence in its market prospects but also reinforces its dedication to shareholder interests.
Company Contact Information
For any inquiries regarding this announcement, please reach out to Alm. Brand A/S directly. The point of contact for investors and equity analysts is:
Mads Thinggaard
Head of IR, Rating and ESG reporting
Mobile: +45 2025 5469
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buy-back program?
The share buy-back program is designed to enhance shareholder value by reducing the number of outstanding shares and potentially increasing earnings per share.
How much has Alm. Brand A/S committed to the buy-back program?
Alm. Brand A/S has announced a total budget of up to DKK 150 million for its share buy-back program.
How many shares were acquired during the latest transactions?
During the week from August 19 to August 23, 411,907 shares were acquired under the buy-back program.
What is the average purchase price of the shares bought back?
The average purchase price of the shares bought back this week was 11.99 DKK.
Who should be contacted for more information on the buy-back program?
Inquiries regarding the buy-back program can be directed to Mads Thinggaard, Head of IR, Rating and ESG reporting at Alm. Brand A/S.
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