Danske Bank's Recent Share Buy-Back Transactions Overview
Overview of Danske Bank's Share Buy-Back Programme
Danske Bank A/S has initiated a comprehensive share buy-back programme amounting to DKK 5.5 billion, aiming to repurchase up to 70 million shares. This programme commenced on 5 February 2024, with expectations of concluding no later than 31 January 2025, as established in company announcements.
Regulatory Framework for Share Buy-Back
This share buy-back initiative complies with Regulation (EU) No. 596/2014 enacted by the European Parliament and the Commission’s delegated regulation (EU) 2016/1052. These regulations, commonly referred to as the Safe Harbour Rules, provide a regulatory framework that ensures transparency and protects the interests of shareholders during the buy-back process.
Weekly Transactions Report
As part of the ongoing share buy-back programme, transactions carried out in week 34 have been documented. The cumulative transactions include the following:
Transaction Details for Week 34
For the week ending, total transactions showed an accumulation of shares and detailed pricing. The information is as follows:
Accumulated Shares Summary:
As documented previously, a total of 15,185,431 shares were accumulated, with a volume-weighted average price (VWAP) of 201.7720 DKK, summing up to a gross value of approximately 3,063,994,101 DKK.
The detailed transactions during week 34 are as follows:
- 19 August 2024: 25,000 shares at a VWAP of 205.8176 DKK.
- 20 August 2024: 75,000 shares at a VWAP of 204.9170 DKK.
- 21 August 2024: 89,649 shares at a VWAP of 203.8361 DKK.
- 22 August 2024: 115,000 shares at a VWAP of 204.1834 DKK.
- 23 August 2024: 50,000 shares at a VWAP of 206.3215 DKK.
Total Accumulated for Week 34
The total accumulated shares for week 34 stood at 354,649 shares, with an overall VWAP of 204.6674 DKK, leading to a gross purchase value of 72,585,084 DKK.
Impact of Transactions on Share Capital
With the recent transactions, the total number of shares repurchased under the current share buy-back programme now accounts for approximately 1.80% of Danske Bank A/S's total share capital. This buy-back initiative reflects Danske Bank's strategy to enhance shareholder value while maintaining flexibility in its capital structure.
Conclusion and Contact Information
To uphold compliance with all regulations and transparency policies, Danske Bank will continue to provide updates regarding the share buy-back activities. For further inquiries, investors can contact:
Stefan Singh Kailay
Group Press Officer
Tel. +45 45 14 14 00
Frequently Asked Questions
What is the purpose of Danske Bank's share buy-back programme?
The share buy-back programme aims to return capital to shareholders while managing the bank's capital structure effectively.
How much has Danske Bank allocated for the buy-back programme?
Danske Bank has allocated a total of DKK 5.5 billion for the buy-back of up to 70 million shares.
What regulatory framework governs the buy-back transactions?
Regulation (EU) No. 596/2014 and the Commission’s delegated regulation (EU) 2016/1052 provide the governing rules for these transactions.
What percentage of share capital is represented by the bought-back shares?
The bought-back shares constitute approximately 1.80% of Danske Bank A/S's total share capital.
Who can investors contact for more information regarding the programme?
Investors can contact Stefan Singh Kailay, the Group Press Officer, for any inquiries related to the buy-back programme.
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