Alm. Brand A/S Share Buy-back Program
Alm. Brand A/S, a well-regarded entity in the finance industry, has shared important information about its share buy-back program. This initiative aims to boost shareholder value and solidify the company's position in the market. The program has a total budget of up to DKK 150 million, as detailed in company announcement no. 40/2024.
Details of Transactions
From August 19 to August 23, a series of transactions took place as part of this buy-back program. These transactions adhere to MAR regulations and the Commission Delegated Regulation (EU) 2016/1052, demonstrating Alm. Brand A/S's commitment to upholding shareholder trust while effectively managing its equity structure.
Weekly Transaction Breakdown
In the thirty-fourth week of the year, the following share purchases were executed under the program:
Accumulated Transactions
To date, a total of 709,568 shares have been repurchased. Below is a summary of the significant 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
In total, this week saw the purchase of 411,907 shares, amounting to a monetary value of 4,940,380 DKK at an average purchase price of 11.99 DKK.
Shareholding Status
Following these transactions, Alm. Brand A/S now holds a total of 26,120,747 shares, representing about 1.69% of the total outstanding shares. This strategic action not only reflects the company's confidence in its future prospects but also underscores its commitment to the interests of its shareholders.
Company Contact Information
If you have any questions regarding this announcement, please contact Alm. Brand A/S directly. The designated 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 aims to enhance shareholder value by decreasing the number of outstanding shares, which may lead to an increase in earnings per share.
How much has Alm. Brand A/S committed to the buy-back program?
Alm. Brand A/S has allocated a total budget of up to DKK 150 million for its share buy-back program.
How many shares were acquired during the latest transactions?
In the week from August 19 to August 23, a total of 411,907 shares were acquired as part of the buy-back program.
What is the average purchase price of the shares bought back?
The average purchase price for the shares repurchased this week was 11.99 DKK.
Who should be contacted for more information on the buy-back program?
For more information regarding the buy-back program, please reach out to Mads Thinggaard, Head of IR, Rating and ESG reporting at Alm. Brand A/S.
