Jyske Bank Announces Share Repurchase Program Updates
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Share Repurchase Program Overview
Jyske Bank has officially launched its share repurchase program effective from June 3, 2024, continuing until January 31, 2025. During this timeframe, Jyske Bank aims to acquire shares valued at up to DKK 1.5 billion, as per Corporate Announcement No. 12/2024 issued on May 7, 2024. The program has been structured in accordance with the EU Commission Regulation No. 596/2014, which is also referred to as the “Market Abuse Regulation”.
Transaction Updates Under the Program
The table below summarizes the transactions conducted under the share repurchase program:
-
Accumulated, previous announcement:
- Number of shares: 1,947,476
- Average purchase price (DKK): 546.24
- Transaction value (DKK): 1,063,789,755
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Transactions conducted:
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12 August 2024
- Number of shares: 35,610
- Average purchase price (DKK): 521.12
- Transaction value (DKK): 18,557,239
-
13 August 2024
- Number of shares: 32,063
- Average purchase price (DKK): 519.13
- Transaction value (DKK): 16,645,007
-
14 August 2024
- Number of shares: 35,362
- Average purchase price (DKK): 524.13
- Transaction value (DKK): 18,534,383
-
15 August 2024
- Number of shares: 21,773
- Average purchase price (DKK): 528.15
- Transaction value (DKK): 11,499,491
-
16 August 2024
- Number of shares: 44,758
- Average purchase price (DKK): 532.03
- Transaction value (DKK): 23,812,529
-
12 August 2024
-
Accumulated under the program:
- Number of shares: 2,117,042
- Average purchase price (DKK): 544.55
- Transaction value (DKK): 1,152,838,403
Total Ownership of Treasury Shares
Upon settling the transactions specified above, Jyske Bank will hold a total of 2,117,042 treasury shares, excluding any acquisitions made on behalf of customers and shares intended for trading. This represents approximately 3.29% of the bank’s share capital.
Compliance with Regulations
In alignment with EU Commission Regulation No. 596/2014, detailed transaction reports regarding the share buy-back program are included with this corporate announcement.
Contact Information:
Birger Krøgh Nielsen, CFO,
tel. +45 89 89 64 44.
Frequently Asked Questions
1. What is the duration of Jyske Bank's share repurchase program?
The program runs from June 3, 2024, until January 31, 2025.
2. How much is Jyske Bank planning to spend on the share repurchase program?
Jyske Bank intends to acquire shares worth up to DKK 1.5 billion.
3. What is the reason for the share repurchase program?
The program aims to manage the bank’s capital effectively and provide value to shareholders.
4. What percentage of the share capital do the repurchased shares represent?
The repurchased shares correspond to approximately 3.29% of Jyske Bank's share capital.
5. Who can be contacted for more information regarding the program?
For more details, you can contact Birger Krøgh Nielsen, CFO, at +45 89 89 64 44.
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