Danske Bank's Share Buy-Back Overview
Danske Bank A/S has embarked on an extensive share buy-back program, which aims to enhance shareholder value while demonstrating the bank's strong financial health. The bank announced a total buy-back volume of DKK 5 billion, which equates to a maximum of 45 million shares. This initiative is set to take place from early February through the end of January of the following year.
Transaction Details for Week 26
During week 26, Danske Bank executed several transactions on Nasdaq Copenhagen A/S as part of this buy-back scheme. Notably, these transactions have increased the bank's accumulated share repurchases to reflect its ongoing commitment to returning capital to shareholders.
Accumulated Shares Since the Last Announcement
As reported, the total shares accumulated by Danske Bank leading up to this week included 7,250,338 shares, valued at a weighted average price (VWAP) of DKK 230.5860. This translates to a gross value of approximately DKK 1.67 billion, reinforcing investor confidence in Danske Bank's share value.
Weekly Accumulation Breakdown
Here’s a concise breakdown of the transactions carried out from 23 to 27 June:
- 23 June: Purchased 175,184 shares at an average price of DKK 253.1630, totaling DKK 44,350,107.
- 24 June: Acquired 191,968 shares for an average price of DKK 258.7310, amounting to DKK 49,668,073.
- 25 June: Purchased 50,000 shares at DKK 257.8930, with a total expenditure of DKK 12,894,650.
- 26 June: Acquired another 50,000 shares at DKK 255.8267, resulting in DKK 12,791,335.
- 27 June: Bought 50,000 shares priced at DKK 258.6284, summing up to DKK 12,931,420.
Results from the Share Buy-Back Program
The results from these operations show that for week 26 alone, the total shares accumulated reached 517,152, at an average price of DKK 256.4731, culminating in a gross value of about DKK 132,635,585. In total, since the inception of the buy-back program, Danske Bank has accumulated 7,767,490 shares, indicating a robust buy-back strategy.
Impact on Share Capital
Through this buy-back initiative, Danske Bank has effectively reduced its share capital, with the repurchased shares corresponding to approximately 0.930% of the total. This reduction not only reflects positively on the company's balance sheet but also indicates a strategic commitment to enhance shareholder returns.
Investor Relations and Contact Information
For shareholders and potential investors alike, Danske Bank remains dedicated to providing transparent communication regarding its financial strategies and share-buyback program. For inquiries regarding investor relations, you may contact Claus Ingar Jensen, the Head of Group Investor Relations, at +45 25 42 43 70.
Frequently Asked Questions
What is the purpose of Danske Bank's share buy-back program?
The share buy-back program is designed to return capital to shareholders and reflect the bank's strong financial standing.
How many shares have been accumulated in week 26?
In week 26, Danske Bank accumulated a total of 517,152 shares in its buy-back program.
What is the total value of shares repurchased during the program?
The total accumulated value of shares repurchased during the program is approximately DKK 1.8 billion.
Who can I contact for more information about the buy-back program?
You can reach out to Claus Ingar Jensen at Danske Bank for inquiries regarding the program.
What percentage of the share capital does the buy-back represent?
The shares repurchased account for about 0.930% of Danske Bank's total share capital.
