Share Repurchase Program Overview
Jyske Bank has officially initiated its share repurchase program, which will take effect from June 3, 2024, and continue until January 31, 2025. During this period, the bank plans to buy back shares worth up to DKK 1.5 billion, as outlined in Corporate Announcement No. 12/2024 released on May 7, 2024. This program is designed in compliance with the EU Commission Regulation No. 596/2014, commonly known as the “Market Abuse Regulation.”
Transaction Updates Under the Program
The table below provides a summary of the transactions carried out under the share repurchase program:
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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
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13 August 2024
- Number of shares: 32,063
- Average purchase price (DKK): 519.13
- Transaction value (DKK): 16,645,007
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14 August 2024
- Number of shares: 35,362
- Average purchase price (DKK): 524.13
- Transaction value (DKK): 18,534,383
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15 August 2024
- Number of shares: 21,773
- Average purchase price (DKK): 528.15
- Transaction value (DKK): 11,499,491
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16 August 2024
- Number of shares: 44,758
- Average purchase price (DKK): 532.03
- Transaction value (DKK): 23,812,529
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12 August 2024
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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
After completing the transactions listed above, Jyske Bank will possess a total of 2,117,042 treasury shares. This figure excludes any shares acquired on behalf of customers and those intended for trading. These shares account for approximately 3.29% of the bank’s total share capital.
Compliance with Regulations
In accordance with EU Commission Regulation No. 596/2014, detailed reports of the transactions related to 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.
