Danske Bank's Insightful Share Buy-Back Program Report

Danske Bank's Share Buy-Back Program Overview
Danske Bank has taken significant steps in its financial strategy through its share buy-back program. The program, initially announced earlier in the year, allows the bank to repurchase shares amounting to a total value of DKK 5 billion. This initiative is set to span a significant period, showcasing Danske Bank's commitment to optimizing shareholder value and enhancing investor confidence.
Transaction Details for Week 36
Throughout week 36, Danske Bank executed multiple transactions under this buy-back program on Nasdaq Copenhagen A/S. The detailed transactions reflect careful planning and strategic timing in the market. Here’s a summary of the recent share buy-backs:
Accumulated Transactions
As of the latest week, 11,154,294 shares had been bought back by Danske Bank, maintaining a weighted average price of DKK 241.1095. The gross value of these shares reached approximately 2.69 billion DKK, illustrating the financial vigor of the bank.
Weekly Transaction Breakdown
The following is a breakdown of the share buy-backs executed during the week:
- 01 September: 100,000 shares at DKK 262.9770 totaling DKK 26,297,700
- 02 September: 150,000 shares at DKK 261.1628 totaling DKK 39,174,420
- 03 September: 194,701 shares at DKK 259.0585 totaling DKK 50,438,949
- 04 September: 189,543 shares at DKK 261.3849 totaling DKK 49,543,678
- 05 September: 169,889 shares at DKK 261.2930 totaling DKK 44,390,806
In total, the bank purchased 804,133 shares during week 36 at an average price of DKK 260.9588, accumulating a gross value of 209.85 million DKK.
Overall Impact of the Buy-Back Program
To date, the buy-back program has resulted in the acquisition of 11,958,427 shares, making up approximately 1.432% of Danske Bank's total share capital. This is a strategic move aimed not only at increasing the price but also at sending a positive signal to the market about the bank's financial health.
Corporate Communication and Investor Relations
For inquiries regarding the buy-back program and its implications, shareholders and interested parties can reach out to Claus Ingar Jensen, the Head of Group Investor Relations, at +45 25 42 43 70. Effective communication is vital for maintaining investor trust and transparency in the company's operations.
Frequently Asked Questions
What is the purpose of Danske Bank's buy-back program?
The program aims to enhance shareholder value by reducing the number of shares on the market, which can lead to an increase in share price.
How much is Danske Bank allocating for this buy-back program?
Danske Bank has committed a total of DKK 5 billion for the share buy-back initiative.
What percentage of the total share capital does the buy-back represent?
The buy-backs represent approximately 1.432% of Danske Bank A/S' share capital.
Who can investors contact for more information about the buyback?
Investors can contact Claus Ingar Jensen, the Head of Group Investor Relations, for any questions regarding the buy-back program.
When was the buy-back program announced?
The buy-back program was initially announced on 7 February 2025.
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