Danske Bank's Share Buyback Overview and Highlights
Danske Bank's Share Buyback Programme Overview
Danske Bank A/S has initiated a significant share buyback programme, aiming to enhance shareholder value and manage its capital efficiently. This ambitious programme allows the bank to repurchase shares worth DKK 5 billion with a maximum cap of 45 million shares. The duration of this programme spans from mid-February to the end of January next year, providing the company with an opportunity to acquire its own shares in a structured manner.
Structure and Compliance of the Programme
The execution of this buyback programme is in strict accordance with the European Market Abuse Regulation (Regulation (EU) No 596/2014) along with the underpinning guidelines outlined in the Commission Delegated Regulation (EU) 2016/1052. These regulations ensure transparency and protect investors, making the process reliable and trustworthy for shareholders.
Transaction Details from Week 16
During week 16, Danske Bank executed a number of transactions on Nasdaq Copenhagen A/S as part of its buyback efforts. The details of these transactions are crucial as they highlight the volume and valuation metrics involved in the ongoing buyback initiative. An analysis of the transaction data reveals key insights into the bank's strategic purchasing decisions.
Weekly Transaction Summary
The share buyback activity resulted in the acquisition of 150,000 shares over the week, which reflects the bank’s robust commitment to the programme. The average weekly trading price was noted at DKK 211.6505, and the total gross value amounted to DKK 31,747,575, demonstrating active engagement in the stock market even amidst variable conditions.
Cumulative Progress of the Buyback Programme
As of the latest announcement, the cumulative total of shares repurchased under this buyback initiative reached 3,084,865, accounting for approximately 0.358% of Danske Bank's share capital. This level of buyback signifies the bank's ongoing efforts to enhance shareholder returns while maintaining a balanced approach to capital management.
Contact for Investor Relations
For any inquiries or detailed discussions regarding this buyback programme, investors can reach out to Claus Ingar Jensen, the Head of Group Investor Relations at Danske Bank. He is available for consultations and can provide additional insights into the company's capital management strategy.
Frequently Asked Questions
What is the purpose of Danske Bank's share buyback programme?
The share buyback programme is aimed at enhancing shareholder value by repurchasing shares, which can potentially increase earnings per share and reduce the overall equity in circulation.
How many shares has Danske Bank repurchased so far?
As of now, Danske Bank has repurchased a total of 3,084,865 shares under the buyback programme.
What regulations govern this buyback programme?
The programme is conducted in compliance with the European Market Abuse Regulation and the Commission Delegated Regulation to ensure transparency and protect investor interests.
What was the average price per share in the latest week reported?
In the latest week, the average price per share for the transactions completed was DKK 211.6505.
Who can investors contact for more information?
Investors can reach out to Claus Ingar Jensen, Head of Group Investor Relations at Danske Bank, for further inquiries and details regarding the buyback programme.
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