Danske Bank's Weekly Share Buyback Program Overview
Danske Bank's Share Buy-Back Program: Week 33 Transactions
Company announcement no. 36 2024
Group Communications
Bernstorffsgade 40
DK-1577 København V
Tel. +45 45 14 00 00
Danske Bank's Share Buy-Back Program: Transactions for Week 33
On February 2, 2024, Danske Bank A/S initiated a comprehensive share buy-back program aimed at repurchasing shares valued at DKK 5.5 billion, targeting a cap of 70 million shares. This initiative is structured to extend from February 5, 2024, to January 31, 2025, as detailed in company announcement no. 2 2024.
This program adheres to Regulation (EU) No. 596/2014 of the European Parliament and of the Council effective April 16, 2014, in addition to the Commission's delegated regulation (EU) 2016/1052 issued on March 8, 2016, commonly referred to as the Safe Harbour Rules.
Week 33 Transactions Summary
The following table lists the transactions conducted under the share buy-back program during week 33:
Number of Shares | VWAP (DKK) | Gross Value (DKK) | |
---|---|---|---|
Accumulated, Last Announcement | 14,867,105 | 201.8068 | 3,000,282,394 |
12/08/2024 | 115,000 | 198.9631 | 22,880,757 |
13/08/2024 | 90,000 | 199.5813 | 17,962,317 |
14/08/2024 | 70,000 | 200.5067 | 14,035,469 |
15/08/2024 | 18,326 | 201.9959 | 3,701,777 |
16/08/2024 | 25,000 | 205.2555 | 5,131,388 |
Total Accumulated Over Week 33 | 318,326 | 200.1461 | 63,711,707 |
Total Accumulated During the Program | 15,185,431 | 201.7720 | 3,063,994,101 |
As a result of these transactions, the total accumulated number of shares repurchased under the program represents approximately 1.76% of Danske Bank A/S's total share capital.
We provide detailed transaction data for the share buy-back as required by the Commission’s delegated regulation (EU) 2016/1052 issued on March 8, 2016.
Contact Information:
Danske Bank
Contact: Stefan Singh Kailay, Group Press Officer, tel. +45 45 14 14 00
Frequently Asked Questions
1. What is the purpose of Danske Bank's share buy-back program?
The share buy-back program is designed to repurchase shares to enhance shareholder value and manage capital effectively.
2. How much is Danske Bank planning to spend on the buy-back program?
Danske Bank has allocated a total of DKK 5.5 billion for the share buy-back program.
3. What is the maximum number of shares Danske Bank plans to repurchase?
The maximum number of shares targeted for repurchase under the program is 70 million shares.
4. Over what period is the share buy-back program expected to run?
The buy-back program is set to continue from February 5, 2024, to January 31, 2025.
5. How much stock has Danske Bank bought back so far during this program?
As of now, Danske Bank has repurchased a total of 15,185,431 shares during the share buy-back program.
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