Exploring SP Group A/S Share Buy-Back Program Details

Author: Riley Hayes Updated: 10-04-2024 09:15 AM

SP Group A/S Initiates Share Buy-Back Program

Recently, SP Group A/S announced the launch of an exciting initiative that could significantly impact its shareholder value. The company has embarked on a share buy-back program, marking a strategic move aimed at enhancing its stock performance and demonstrating confidence in its future. This program is in alignment with the regulatory frameworks established by the EU Commission, ensuring compliance and commitment to fair practices.

Details of the Share Buy-Back Program

The program commenced on 26 August 2024, allowing SP Group to repurchase its shares at a maximum expenditure of DKK 40.0 million through to 10 April 2025. The structure of this buy-back plan is designed to adhere strictly to the Market Abuse Regulation, which is crucial for maintaining integrity and transparency within the market.

Recent Transactions Under the Program

SP Group has already initiated several transactions under this buy-back strategy. As of the latest updates, the following outlines the progress made:

Accumulated shares purchased: 30,100
Average transaction price: DKK 301.88
Total amount spent: DKK 9,086,733.00

Noteworthy Transactions

In the recent weeks, notable transactions involved the repurchase of shares on various dates:

On 27 September 2024, 1,000 shares were bought back at an average price of DKK 338.00, totaling DKK 338,000.00.
On 30 September 2024, an additional 1,500 shares were repurchased at DKK 340.00 each, leading to an expenditure of DKK 510,000.00.
Also, 1,200 shares were bought at DKK 336.00 on 1 October 2024, reflecting a total amount of DKK 403,200.00.
On 2 October 2024, 1,000 shares were purchased at DKK 327.00, summing up to DKK 327,000.00.
Lastly, on 3 October 2024, an additional 1,000 shares were acquired at DKK 324.00, costing DKK 324,000.00.

Current Shareholder Position

As it stands, SP Group holds a total of 413,361 shares of its own stock, which is valued at a nominal DKK 2 each. This represents 3.3% of the total shares issued, which amounts to 12,490,000. This strategic accumulation of shares is a signal to the market of SP Group's robust financial health and long-term viability.

Conclusion: Impact on Shareholders

The share buy-back program demonstrates SP Group A/S's commitment to maximizing shareholder value. By reducing the number of outstanding shares, the company hopes to improve earnings per share and overall market perception.

Frequently Asked Questions

What is the purpose of the share buy-back program at SP Group A/S?

The purpose is to enhance shareholder value by repurchasing shares, thus reducing the number of outstanding shares.

How much is SP Group A/S planning to spend on the buy-back program?

SP Group A/S plans to spend a maximum of DKK 40.0 million on the buy-back program.

When did SP Group A/S start its share buy-back program?

The share buy-back program started on 26 August 2024.

What is the significance of the average transaction price in the program?

The average transaction price is an indicator of the stock's value during the buy-back and reflects the financial strategy of SP Group A/S.

How many shares has SP Group A/S repurchased to date?

As of now, SP Group A/S has repurchased a total of 30,100 shares.

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