Jyske Bank Begins Major Share Buyback Initiative to Enhance Value

Author: Dylan Bailey Updated: 02-26-2025 01:45 AM

Jyske Bank Engages in Share Repurchase Programme

In a strategic move, the Supervisory Board of Jyske Bank A/S has opted to commence a share repurchase programme, authorized during its Annual General Meeting. This initiative is aimed at repurchasing shares valued up to DKK 2.25 billion, showcasing the Bank's commitment to enhancing shareholder value and adjusting its share capital.

Details of the Share Repurchase Programme

This programme is set to begin on 26 February 2025 and will extend until 31 January 2026. It is structured to adhere to the EU Market Abuse Regulation, ensuring compliance and transparency during the share buyback process.

Purpose of the Initiative

The primary goal of the share repurchase programme is to reduce the share capital of Jyske Bank. This reduction is expected to create a more favorable return profile for investors and increase earnings per share.

Independent Management of the Programme

Jyske Bank has secured the expertise of Goldman Sachs, who will serve as the financial adviser and lead manager for this share buyback programme. They will independently make purchasing decisions without direct influence from Jyske Bank, ensuring an impartial and regulated process.

Guidelines for Share Purchases

The programme has specific stipulations regarding the purchase prices. Shares will not be acquired at a price exceeding the higher of either the price of the most recent independent transaction or the highest independent bid on Nasdaq Copenhagen at the time of purchase.

Trading Volume Limitations

Furthermore, to maintain market stability, the total number of shares acquired on any single trading day will not surpass 25% of the average daily trading volume over the preceding 20 trading days on Nasdaq Copenhagen. This limitation ensures that the buyback does not substantially affect the stock's trading dynamics.

Transparency in Reporting

During the execution of the programme, Jyske Bank is committed to offering transparency by publishing the quantity of shares repurchased along with the weighted average purchase price on a weekly basis. This ensures that shareholders remain informed throughout the duration of the initiative.

Contact Information

For further inquiries regarding this programme, investors and interested parties can reach out to Birger Krøgh Nielsen, CFO of Jyske Bank, at +45 89 89 64 44.

Frequently Asked Questions

What is the purpose of the Jyske Bank share repurchase programme?

The programme aims to reduce the share capital of Jyske Bank, ultimately enhancing shareholder value.

Who is managing the share buyback programme?

Goldman Sachs has been appointed as the financial adviser and lead manager to oversee the entire programme independently.

When does the buyback programme run?

The programme begins on 26 February 2025 and is set to last until 31 January 2026.

Are there any limitations on share purchases?

Yes, shares cannot be purchased at prices exceeding the higher of the latest independent trade or the highest independent bid at the time of purchase.

How will Jyske Bank keep shareholders updated?

The Bank will publish weekly updates on the number of shares repurchased and the average price paid for those shares.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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