Alm. Brand A/S Share Buy-Back Program Overview
Alm. Brand A/S has launched a share buy-back program, which is a strategic initiative aimed at enhancing shareholder value. The program is set at up to DKK 150 million and was outlined in their recent company announcement.
Transaction Overview for Week 35
During the week spanning late August, Alm. Brand A/S made significant progress in its share buy-back efforts. The company aims to acquire shares as part of its long-term investment strategy to support the market value of its stocks. Below are the details of transactions conducted between August 26 and August 30:
Summary of Weekly Transactions
The program adhered to established regulations ensuring a disciplined approach while maintaining compliance with market standards. The following is a breakdown of share acquisitions made:
Accumulated Shares Before This Period: 709,568 shares at an average purchase price of 12.01 DKK, totaling 8,520,854 DKK.
- August 26, 2024: 130,623 shares at 11.99 DKK (1,566,496 DKK)
- August 27, 2024: 392,000 shares at 11.94 DKK (4,679,304 DKK)
- August 28, 2024: 461 shares at 11.90 DKK (5,486 DKK)
- August 29, 2024: 69,766 shares at 12.19 DKK (850,427 DKK)
- August 30, 2024: 112,927 shares at 12.19 DKK (1,376,535 DKK)
Total for Week 35: 705,777 shares were purchased at an average price of 12.01 DKK, amounting to 8,478,248 DKK.
Overall Accomplishments Under the Buyback Program
As a result of these transactions, the total number of shares accumulated under the buy-back initiative has reached 1,415,345. This demonstrates a consistent commitment by Alm. Brand A/S to invest in its own equity, reinforcing its driven approach to managing shareholder interests.
Current Shareholding Profile
Following the concluded transactions, Alm. Brand A/S now holds a total of 26,826,524 shares. This number represents 1.74% of the overall shares outstanding. This not only reflects the company's stock market engagement but also illustrates the value being placed on maintaining a robust presence in the market.
Contact Information for Investors
If you have any inquiries regarding the share buy-back program or need further clarification about the transactions detailed above, please reach out to:
Mads Thinggaard
Head of IR, Rating and ESG Reporting
Mobile no. +45 2025 5469
Frequently Asked Questions
What is the purpose of the Alm. Brand A/S share buyback program?
The share buyback program aims to enhance shareholder value and stabilize the stock price by reducing the number of shares in circulation.
How many shares were purchased during week 35?
During week 35, Alm. Brand A/S purchased a total of 705,777 shares.
What was the average purchase price for the shares bought back?
The average purchase price for the shares acquired in week 35 was 12.01 DKK.
How many shares does Alm. Brand A/S currently hold?
After the buyback transactions, Alm. Brand A/S holds a total of 26,826,524 own shares.
How does a share buyback benefit shareholders?
A share buyback can improve earnings per share (EPS), provide a signal of confidence from management, and allows shareholders to potentially benefit from an increased share price.
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