Alm. Brand A/S Share Buyback Program Overview
Transactions Overview
Alm. Brand A/S has recently launched a share buyback program with a potential investment of up to DKK 150 million, as outlined in company announcement no. 40/2024.
This initiative complies with Regulation No 596/2014 from the European Parliament and Council, as well as the Commission Delegated Regulation (EU) 2016/1052, which are collectively referred to as the Safe Harbour Regulations.
Weekly Transactions Summary
Here’s a summary of the transactions completed under the share buyback program for the week:
- Accumulated from Last Announcement: No shares were purchased prior to this week.
- 15 August: 175,458 shares were acquired at an average price of 12.11 DKK, amounting to a total of 2,124,498 DKK.
- 16 August: 122,203 shares were obtained at an average price of 11.91 DKK, totaling 1,455,975 DKK.
Total Transactions for the Week
The total transactions for the week are summarized as follows:
- Total Shares Bought: 297,661 shares
- Average Purchase Price: 12.03 DKK
- Total Amount Spent: 3,580,474 DKK
Currently, Alm. Brand A/S holds a total of 25,708,840 of its own shares, which accounts for 1.67% of the total outstanding shares.
Contact Information
If you have any questions regarding this announcement, please reach out to:
Investors and Equity Analysts:
Head of IR, Rating and ESG Reporting
Mads Thinggaard
Mobile No. +45 2025 5469
Frequently Asked Questions
1. What is the purpose of the share buyback program?
The share buyback program is designed to provide value to shareholders and improve earnings per share by decreasing the total number of shares available in the market.
2. How much does Alm. Brand A/S intend to spend on the buyback?
Alm. Brand A/S aims to invest up to DKK 150 million in the share buyback program.
3. How many shares were bought during the recent buyback period?
A total of 297,661 shares were acquired during the two transaction days mentioned.
4. What was the average purchase price of the shares bought back?
The average purchase price for the shares acquired during this period was 12.03 DKK.
5. Who can be contacted for more information about the buyback announcements?
For more information, you can contact Mads Thinggaard, Head of IR, at mobile number +45 2025 5469.
