Danske Bank's Recent Share Buy-Back Activity Revealed

Danske Bank Share Buy-Back Programme Overview
Danske Bank A/S recently initiated a significant share buy-back programme designed to enhance shareholder value. Announced earlier, this initiative involves a total of DKK 5 billion, enabling the bank to repurchase a maximum of 45 million shares. The programme began on a specified date, aiming to conclude at the beginning of the following year. This strategic move exemplifies the bank's commitment to optimizing return on investments for its shareholders.
Share Buy-Back Programme Compliance
This buying programme adheres strictly to the regulations set forth by the European Union. Specifically, it is executed following Article 5 of the Market Abuse Regulation alongside the Commission Delegated Regulation. These guidelines ensure that such transactions happen in a manner that upholds market integrity and provides safeguards for investors.
Transactions in Week 33
Throughout week 33, several transactions were conducted under the auspices of the buy-back programme on Nasdaq Copenhagen A/S. Here are some details regarding these transactions:
Weekly Overview
First and foremost, the accumulated total from the last announcement stood at over 10 million shares. Additionally, during week 33 alone, Danske Bank repurchased 213,365 shares, with an average price per share calculated at approximately 271.26 DKK. The gross value of these transactions aggregated to nearly 58 million DKK.
Specific Transaction Details
Delving deeper, several days of particular activity resulted in significant share acquisitions. On one notable day, a purchase of 20,000 shares was made at a VWAP of approximately 265.78 DKK, amounting to a total gross of around 5.3 million DKK. Furthermore, transactions on other days catalogued substantial purchases ranging from 43,000 to nearly 50,000 shares across different trading days, showcasing an ongoing commitment to bolstering shareholdings.
Total Accumulation and Future Plans
Overall, by the culmination of week 33, the bank’s buy-back programme had amassed a total of 10,489,418 shares, which represents approximately 1.256% of the bank's total share capital. This accumulation reflects Danske Bank's strategic financial management and its dedication to enhancing shareholder value through active management of its equities.
Conclusion and Investor Relations
As Danske Bank continues to implement its share buy-back programme, shareholders can anticipate further updates and clear communication regarding the impact of these actions. Engaging proactively with investors, the bank aims to ensure transparency and foster trust among its stakeholders. For more information, shareholders and interested parties can reach out to Claus Ingar Jensen, who heads the Group Investor Relations team.
Frequently Asked Questions
What is the purpose of Danske Bank's share buy-back programme?
The share buy-back programme aims to enhance shareholder value by repurchasing shares from the market.
How many shares have been bought back during the programme?
As of week 33, Danske Bank has bought back over 10 million shares under the programme.
What regulations govern the share buy-back programme?
It adheres to the EU's Market Abuse Regulation and the Commission Delegated Regulation set forth by the EU.
When is the buy-back programme expected to conclude?
The programme is intended to run until the end of January next year.
Who can I contact for more information about the share buy-back?
You can reach out to Claus Ingar Jensen, the head of Group Investor Relations, for further inquiries.
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