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 launched an extensive share buy-back program with the goal of repurchasing shares worth DKK 5.5 billion, aiming for a maximum of 70 million shares. This initiative is planned to run from February 5, 2024, until January 31, 2025, as outlined in company announcement no. 2 2024.
The program complies with Regulation (EU) No. 596/2014 from the European Parliament and Council, effective April 16, 2014, as well as the Commission's delegated regulation (EU) 2016/1052 issued on March 8, 2016, commonly known as the Safe Harbour Rules.
Week 33 Transactions Summary
The table below summarizes the transactions completed 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 |
These transactions have resulted in a total of approximately 1.76% of Danske Bank A/S's total share capital being repurchased under the program.
We provide detailed transaction data for the share buy-back as mandated 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 aims 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 set aside 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 program targets a maximum repurchase of 70 million shares.
4. Over what period is the share buy-back program expected to run?
The buy-back program is scheduled to continue from February 5, 2024, to January 31, 2025.
5. How much stock has Danske Bank bought back so far during this program?
To date, Danske Bank has repurchased a total of 15,185,431 shares as part of the share buy-back program.
