Alm. Brand A/S Updates Share Buybacks Effectively
Alm. Brand A/S Share Buyback Insights
Alm. Brand A/S has been actively engaging in a share buyback program, aiming to enhance shareholder value. Recently, the company declared plans for a buyback program amounting up to DKK 150 million, as outlined in their announcement.
Transaction Summary from Early September
During the period of 2 September to 6 September, Alm. Brand A/S conducted several transactions under this program. The week marked significant activity, with multiple share acquisitions recorded.
Weekly Transactions Breakdown
Throughout the week, the total number of shares bought back reached 474,152, with varying average purchase prices.
Detailed Transaction Data
Here's a look at how many shares were purchased, along with average prices and amounts in DKK:
- Accumulated shares until the last announcement: 1,415,345 at an average price of 12.01 DKK, totaling 16,999,102 DKK.
- On 2 September: 23,679 shares at 12.25 DKK each, totaling 290,051 DKK.
- On 3 September: 199,771 shares bought at an average of 12.22 DKK, accumulating to 2,440,243 DKK.
- On 4 September: 20,000 shares at 12.16 DKK, amounting to 243,106 DKK.
- On 5 September: 8,833 shares at 12.22 DKK, equaling 107,964 DKK.
- On 6 September: 221,869 shares at 12.24 DKK, totaling 2,715,876 DKK.
Impact of Share Buybacks
Thanks to these transactions, Alm. Brand A/S now holds a total of 26,617,441 of its own shares. This represents 1.73% of all outstanding shares, a strategic move to bolster overall shareholder returns.
Accumulated Buybacks
The company has now accumulated 1,889,497 shares under this buyback initiative, achieving an average purchase price of 12.06 DKK and an overall investment of 22,796,342 DKK.
Contact Information
If you have any questions relating to this announcement, please reach out to:
Head of IR, Rating and ESG reporting
Mads Thinggaard
Mobile: +45 2025 5469
Frequently Asked Questions
What is the purpose of Alm. Brand A/S's share buyback program?
The share buyback program is implemented to enhance shareholder value and to manage capital effectively.
How many shares were bought during the week of 2 September 2024?
A total of 474,152 shares were bought back during the week.
What was the average purchase price for the shares bought during the week?
The average purchase price across the transactions was approximately 12.23 DKK per share.
What is the significance of owning 1.73% of total outstanding shares?
Owning 1.73% of total outstanding shares highlights Alm. Brand's commitment to maximizing shareholder interests.
Who can I contact for more information about Alm. Brand A/S's buyback program?
For further inquiries, you can contact Mads Thinggaard, the Head of IR, Rating and ESG reporting.
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