Overview of Alm. Brand A/S Share Buy-Back Program
Alm. Brand A/S has initiated a share buy-back program designed to enhance value for its shareholders. This program is set at a maximum of DKK 150 million and was detailed in a recent announcement from the company.
Transaction Summary for Week 35
In the week ending in late August, Alm. Brand A/S made notable strides in its share buy-back activities. The company is focused on acquiring shares as part of a long-term investment strategy aimed at bolstering the market value of its stock. Here are the transaction details for the period from August 26 to August 30:
Weekly Transaction Breakdown
The program followed established regulations, ensuring a disciplined approach while remaining compliant with market standards. Below is a summary of the shares acquired:
Accumulated Shares Before This Period: 709,568 shares at an average 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 acquired at an average price of 12.01 DKK, amounting to 8,478,248 DKK.
Achievements of the Buyback Program
As a result of these transactions, the total number of shares accumulated through the buy-back initiative has reached 1,415,345. This reflects Alm. Brand A/S's ongoing commitment to investing in its own equity, showcasing its proactive approach to managing shareholder interests.
Current Shareholding Status
After completing these transactions, Alm. Brand A/S now holds a total of 26,826,524 shares. This figure represents 1.74% of the total shares outstanding. It not only highlights the company's engagement in the stock market but also underscores its commitment to maintaining a strong market presence.
Investor Contact Information
If you have any questions regarding the share buy-back program or need further details about the transactions mentioned above, please contact:
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 is designed to enhance shareholder value and stabilize the stock price by reducing the number of shares available in the market.
How many shares were purchased during week 35?
Alm. Brand A/S bought a total of 705,777 shares during week 35.
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?
Following the buyback transactions, Alm. Brand A/S holds a total of 26,826,524 shares of its own.
How does a share buyback benefit shareholders?
A share buyback can enhance earnings per share (EPS), signal management's confidence in the company, and potentially lead to an increase in share price, benefiting shareholders.
