Alm. Brand A/S Updates on Recent Share Buyback Activities
Alm. Brand A/S Share Buy-Back Program Overview
Alm. Brand A/S has been actively engaging in a share buy-back program aimed at strengthening shareholder value. The company recently announced a total buy-back budget of DKK 150 million, showcasing its commitment to enhancing investor trust and boosting share performance.
Recent Transactions from September 16 to September 20
During the week, significant transactions illustrated the company's strategic approach. These transactions occurred in accordance with established regulations aimed at ensuring transparency and fair practice as part of their market activities.
Summary of Transactions
Throughout week 38, several noteworthy transactions were noted. The total number of shares acquired reached 840,211, which represents a sustained effort in the company's buy-back initiative.
Detailed Transaction Breakdown
- Accumulated Shares from Prior Announcements: 3,056,988
- Average Purchase Price: 12.16 DKK
- Total Amount Spent: 37,161,099 DKK
- New Shares Acquired on September 16: 43,333 at 12.57 DKK each
- New Shares Acquired on September 17: 186,575 at 12.59 DKK each
- New Shares Acquired on September 18: 20,427 at 12.59 DKK each
- New Shares Acquired on September 19: 250,000 at 12.66 DKK each
- New Shares Acquired on September 20: 339,876 at 12.61 DKK each
Total Share Buy-Back Impact
The cumulative results of the share buy-back program have led Alm. Brand A/S to hold a total of 28,625,143 own shares, accounting for approximately 1.86% of the total outstanding shares. This proactive measure signals a robust strategy to enhance investor relationships and solidify the company's market position.
Contact Information for Inquiries
If you have any questions regarding the details of this share buy-back announcement, feel free to reach out to:
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 buy-back program aims to return value to shareholders and improve stock performance.
How many shares were bought back during week 38?
A total of 840,211 shares were repurchased during the specified week.
What regulations guide this buy-back program?
The program is conducted under the Regulation No 596/2014 of the European Parliament and Council and includes the Safe Harbour Regulations.
What has been the overall impact of the buy-back program?
Alm. Brand A/S now holds 28,625,143 own shares, reflecting its commitment to enhance shareholder value.
Who can I contact for more information regarding the buy-back program?
For inquiries, contact Mads Thinggaard, Head of IR, at +45 2025 5469.
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