Understanding Alm. Brand A/S Share Buyback Program
Alm. Brand A/S is actively engaging in a strategic share buyback program, a decision that reflects its commitment to enhancing shareholder value. This initiative was announced to encompass a budget of up to DKK 150 million, as outlined in the company’s formal communications.
Share Buyback Activities Overview
The share buyback program is executed in compliance with the European regulations outlined in Regulation No 596/2014 regarding market abuse. These regulations ensure that share buyback activities are conducted fairly and transparently within the market.
Weekly Transactions
During the latest reporting period from October 28 to November 4, significant transactions were recorded. As a result, these buyback activities show a clear strategy to support the market price of Alm. Brand's shares while signaling confidence in the company’s future prospects.
Details of Latest Transactions
The transactions for the week included the following:
- **Accumulated before this period**: 6,996,059 shares with an average purchase price of DKK 12.71, totaling DKK 88,883,338.
- **October 28, 2024**: 70,000 shares were purchased at an average price of DKK 13.39, amounting to DKK 937,454.
- **October 29, 2024**: A total of 133,114 shares at DKK 13.40, contributing to DKK 1,783,847.
- **October 30, 2024**: 270,300 shares were acquired at DKK 13.35, adding up to DKK 3,608,694.
- **October 31, 2024**: 31,648 shares purchased for an average price of DKK 13.29, totaling DKK 420,751.
- **November 1, 2024**: The culmination was 159,677 shares bought at DKK 13.41, costing DKK 2,140,694.
By the end of this reporting period, the total buyback for the week reached 664,739 shares at an average price of DKK 13.38, which sums to DKK 8,891,440.
Total Share Holdings Update
With the completion of these transactions, Alm. Brand A/S has accumulated a total of 7,660,798 shares under the buyback program. This represents approximately 2.10% of the overall outstanding shares, showcasing a robust commitment to increasing shareholder equity.
Contact Information
If you have any inquiries regarding this share buyback update, please reach out to:
Head of Investor Relations, Rating and ESG Reporting
Mads Thinggaard
Mobile: +45 2025 5469
Frequently Asked Questions
What is a share buyback program?
A share buyback program allows a company to purchase its shares from the marketplace, reducing the number of outstanding shares.
Why does Alm. Brand A/S initiate a buyback program?
The company conducts buybacks to enhance shareholder value and show confidence in its financial health.
How many shares did Alm. Brand A/S buy back last week?
Last week, Alm. Brand A/S bought back a total of 664,739 shares.
What was the average purchase price of the shares bought back?
The average purchase price for the shares bought back last week was DKK 13.38.
Who should I contact for more information?
For more inquiries, you can contact Mads Thinggaard at +45 2025 5469.
