Danske Bank Share Buy-Back: Week 35 Transactions Overview
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Danske Bank Share Buy-Back Programme Overview
Danske Bank A/S recently announced a significant share buy-back programme amounting to DKK 5.5 billion, with intentions to repurchase up to 70 million shares. The buy-back initiative spans from early February through the end of January the following year, aiming to enhance shareholder value.
Regulatory Framework for the Buy-Back
This programme is executed under the guidelines set forth by the European Parliament and Commission, specifically Regulation (EU) No. 596/2014 and its subsequent delegated acts. This framework is commonly known as the Safe Harbour Rules, which aim to provide protections for companies engaging in share buy-backs, minimizing market distortion.
Transactions Summary for Week 35
In week 35, Danske Bank executed several transactions as part of its ongoing buy-back strategy. These operations are vital, as they contribute to the total number of shares repurchased over the duration of the programme. Here’s a breakdown of the transactions:
As of the previous announcement, Danske Bank had already accumulated a total of 15,540,080 shares through its buy-back efforts, priced at a volume-weighted average price (VWAP) of DKK 201.8380. The cumulative value of shares bought back to that point was DKK 3,136,579,185.
Week 35 Transactions Detailed
The individual transactions carried out during week 35 are detailed below:
- 26/08/2024: 98,000 shares at a price of DKK 206.0642, totaling DKK 20,194,292.
- 27/08/2024: 67,350 shares at a price of DKK 206.6566, totaling DKK 13,918,322.
- 28/08/2024: 102,836 shares at a price of DKK 206.4730, totaling DKK 21,232,857.
- 29/08/2024: 40,082 shares at a price of DKK 208.8352, totaling DKK 8,370,532.
- 30/08/2024: 53,006 shares at a price of DKK 210.0551, totaling DKK 11,134,181.
Throughout week 35, Danske Bank accumulated a total of 361,274 shares, achieving a VWAP of DKK 207.1840, amounting to a gross value of DKK 74,850,184. Cumulatively, the bank has now repurchased 15,901,354 shares since the inception of the buy-back programme.
Impact on Share Capital
With the completion of these transactions, Danske Bank's total shares acquired under the programme represent approximately 1.84% of its entire share capital. This strategic move is designed to improve financial ratios and enhance shareholder earnings per share.
Conclusion
The share buy-back programme reflects Danske Bank's commitment to augment shareholder value through strategic financial maneuvers. By continuing to repurchase shares, Danske Bank demonstrates a robust confidence in its overall financial health and future prospects.
Contact Information
For further inquiries, please reach out to Stefan Singh Kailay, Group Press Officer, at +45 45 14 14 00.
Frequently Asked Questions
What is the purpose of Danske Bank's share buy-back programme?
The programme aims to enhance shareholder value by repurchasing shares, thereby potentially increasing earnings per share and supporting the share price.
How many shares has Danske Bank repurchased in total?
As of now, Danske Bank has repurchased a total of 15,901,354 shares through the buy-back programme.
What is the duration of the share buy-back programme?
The share buy-back programme runs from early February until the end of January next year, allowing ample time for shares to be repurchased.
Who can I contact for more information about the programme?
For inquiries, you can contact Stefan Singh Kailay, the Group Press Officer, at +45 45 14 14 00 for detailed information.
What regulatory framework governs the share buy-back?
The programme follows the regulations set under EU laws, including Regulation (EU) No. 596/2014, aimed at protecting the integrity of the market.
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