Danske Bank's Weekly Share Buy-Back Report: Week 39 Overview
Danske Bank Share Buy-Back Programme: Week 39 Summary
Recently, Danske Bank A/S announced its ongoing commitment to enhance shareholder value through a substantial share buy-back programme, set at DKK 5.5 billion. This initiative encompasses the repurchase of up to 70 million shares, spanning from early February 2024 until the close of January 2025. This decision aligns with the bank's strategic goals to optimize its capital structure and provide an additional return to shareholders.
Compliance with Regulatory Framework
Danske Bank's share buy-back activity is firmly grounded in the regulatory framework established by the European Union, particularly Regulation (EU) No. 596/2014. This legislation was instituted to ensure transparency and fairness within the market. The buy-back programme operates under the Safe Harbour Rules which safeguard companies from accusations of market manipulation during such transactions.
Key Transactions During Week 39
During the specified week, several significant transactions were executed as part of Danske Bank's buy-back programme. In total, 752,636 shares were repurchased, accumulating to a gross value of DKK 152,965,737. These transactions reflect the bank's proactive strategy to maintain stability and offer sustained support to its share value amidst market fluctuations.
Detailed Transaction Breakdown
Here’s a highlight of the specific buy-back transactions that took place:
- 23/09/2024: 150,000 shares at a VWAP of 203.7085 DKK.
- 24/09/2024: 165,000 shares at a VWAP of 203.9081 DKK.
- 25/09/2024: 161,000 shares at a VWAP of 202.7496 DKK.
- 26/09/2024: 110,000 shares at a VWAP of 203.5980 DKK.
- 27/09/2024: 166,636 shares at a VWAP of 202.3942 DKK.
Overall Impact on Share Capital
By the conclusion of transactions related to week 39, Danske Bank had successfully repurchased a total of 18,512,665 shares since the inception of the buy-back programme. This figure corresponds to approximately 2.15% of the company’s share capital, reflecting a significant commitment to shareholder returns.
Future Prospects and Considerations
As Danske Bank continues to navigate through evolving market conditions, the management remains focused on strategic decisions that will not only ensure compliance with applicable regulations but will also bolster investor confidence. The bank’s ongoing buy-back programme suggests a robust outlook—a means to reinforce the value proposition for stakeholders.
Frequently Asked Questions
What is the purpose of Danske Bank's share buy-back programme?
The programme aims to return capital to shareholders, enhance earnings per share, and optimize the bank's capital position.
How much has Danske Bank allocated to the buy-back programme?
Danske Bank has allocated a total of DKK 5.5 billion for the share buy-back programme.
How many shares have been repurchased to date?
As of now, Danske Bank has repurchased 18,512,665 shares since the programme began.
What are the regulations governing the buy-back programme?
The programme is governed by Regulation (EU) No. 596/2014 and complies with the Safe Harbour Rules to prevent market manipulation.
Who can investors contact for more information?
Investors can reach out to Stefan Singh Kailay, Group Press Officer at Danske Bank, for further inquiries.
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