Alm. Brand A/S Reveals Progress on Recent Share Buybacks
Alm. Brand A/S Share Buyback Program Overview
Alm. Brand A/S has recently initiated a significant share buy-back program, aiming to enhance shareholder value. This initiative comes as part of the company's strategic efforts to manage their capital structure effectively while responding to market dynamics.
Latest Transactions from 30 September to 4 October
In the week between 30 September and 4 October, the company executed several transactions under its buy-back scheme. As announced earlier, this program involves a budget of up to DKK 150 million, according to company announcement no. 40/2024. This structured approach reflects Alm. Brand A/S's commitment to maximizing shareholder returns.
Weekly Buyback Activity
Here’s a concise overview of the transactions conducted during this week:
The total shares acquired during this period amounted to 1,330,894, with an average purchase price of 13.18 DKK, culminating in an investment of 17,539,386 DKK. The week’s buybacks contributed to an overall total of 5,599,577 shares acquired under this program to date, at an average price of 12.50 DKK.
Detailed Transaction Breakdown
On a day-by-day basis, here’s how the transactions unfolded:
- 30 September 2024: 133,174 shares at an average price of 13.29 DKK.
- 1 October 2024: 400,000 shares at 13.29 DKK.
- 2 October 2024: 111,589 shares at 13.18 DKK.
- 3 October 2024: 400,000 shares at 13.11 DKK.
- 4 October 2024: 286,131 shares at 13.07 DKK.
These strategic purchases demonstrate the company’s proactive stance in the market and its focus on reinforcing confidence among its investors.
Impact of Share Buybacks on Shareholder Value
By implementing this buy-back program, Alm. Brand A/S aims to support the stock price and return value to shareholders effectively. As of now, the total number of shares held by Alma Brand A/S is 30,327,521, representing 1.97% of the total outstanding shares. Through these efforts, the company hopes to create a more appealing proposition for current and potential investors alike.
Future Outlook
Looking ahead, Alm. Brand A/S remains dedicated to its growth and sustainability objectives. The management team anticipates leveraging the additional liquidity generated by these buybacks to enhance competitive positioning within the market and ensure the company is well-prepared for future opportunities.
Getting in Touch
For any inquiries related to this announcement, please feel free to reach out to Mads Thinggaard, the Head of IR, Rating, and ESG reporting. You can contact him directly via mobile at +45 2025 5469. Your questions and feedback would be appreciated as Alm. Brand A/S continues to develop strategic initiatives aimed at ongoing improvement.
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of outstanding shares and providing flexibility in managing capital structure.
How many shares has Alm. Brand A/S bought back in total?
As of the latest transactions, Alm. Brand A/S has bought back a total of 5,599,577 shares under the current program.
What was the average purchase price of shares bought back this week?
This week, the average purchase price for shares bought back was 13.18 DKK.
Who can I contact for more information about the buyback program?
For inquiries regarding the buyback program, Mads Thinggaard, Head of IR, is available for contact via mobile at +45 2025 5469.
How do share buybacks affect shareholders?
Share buybacks can increase the value of remaining shares by reducing supply, contributing positively to shareholder value overall.
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