Insights on Alm. Brand A/S Share Buyback
Alm. Brand A/S is actively pursuing a share buyback program designed to increase shareholder value. Recently, the company announced its intention to initiate a buyback program worth up to DKK 150 million.
Summary of Transactions from Early September
Between 2 September and 6 September, Alm. Brand A/S executed several transactions as part of this initiative. This week saw notable activity, with numerous share acquisitions taking place.
Breakdown of Weekly Transactions
During this week, the company successfully repurchased a total of 474,152 shares, with various average purchase prices recorded.
Detailed Transaction Overview
Here’s a detailed look at the shares purchased, including average prices and total 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 purchased at an average price of 12.22 DKK, amounting to 2,440,243 DKK.
- On 4 September: 20,000 shares at 12.16 DKK, totaling 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.
Effects of Share Buybacks
As a result of these transactions, Alm. Brand A/S now holds a total of 26,617,441 of its own shares, representing 1.73% of all outstanding shares. This strategic move aims to enhance overall returns for shareholders.
Accumulated Buybacks Overview
To date, the company has accumulated 1,889,497 shares through this buyback program, achieving an average purchase price of 12.06 DKK, with a total investment of 22,796,342 DKK.
Contact Information
If you have any questions regarding this announcement, please contact:
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 aims to enhance shareholder value while effectively managing capital.
How many shares were bought during the week of 2 September 2024?
A total of 474,152 shares were repurchased during that week.
What was the average purchase price for the shares bought during the week?
The average purchase price for the shares acquired during this week was approximately 12.23 DKK each.
What does owning 1.73% of total outstanding shares signify?
Holding 1.73% of the total outstanding shares underscores Alm. Brand's dedication to maximizing shareholder interests.
Who should I contact for more information about Alm. Brand A/S's buyback program?
For additional inquiries, please reach out to Mads Thinggaard, the Head of IR, Rating and ESG reporting.
