Overview of the Share Repurchase Programme
The share repurchase programme is in effect from June 3, 2024, until January 31, 2025. During this timeframe, Jyske Bank will acquire shares valued up to DKK 1.5 billion, as outlined in Corporate Announcement No. 12/2024. This initiative is conducted in compliance with the EU Commission Regulation No. 596/2014, known as the 'Market Abuse Regulation.'
Transaction Details
Under this share repurchase programme, several key transactions have been executed.
Historical Transactions
The following details illustrate the transactions completed under the share repurchase programme:
- Accumulated, previous announcement: 2,117,042 shares purchased at an average price of DKK 544.55, totaling DKK 1,152,838,403.
- Recent Acquisitions: The notable transactions include:
- On August 19, 2024, 41,610 shares acquired at DKK 534.14 per share, totaling DKK 22,225,566.
- On August 20, 2024, 44,073 shares acquired at DKK 536.93 per share, totaling DKK 23,664,262.
- On August 21, 2024, 51,692 shares purchased at DKK 536.24 per share, totaling DKK 27,719,376.
- On August 22, 2024, 27,310 shares purchased at DKK 538.78 per share, totaling DKK 14,714,099.
- On August 23, 2024, 38,618 shares acquired at DKK 541.28 per share, totaling DKK 20,903,093.
In total, these recent acquisitions have raised the accumulated shares purchased under the programme to 2,320,345 shares, with an average purchase price of DKK 543.91 and a cumulative transaction value of DKK 1,262,064,798.
Ownership Implications
Following the settlement of the transactions mentioned above, Jyske Bank will own a total of 2,320,345 treasury shares. This represents approximately 3.61% of the company's share capital, excluding shares held for customer investments and trading purposes. This strategic repurchase is designed to enhance shareholder value and demonstrates the bank's commitment to responsible financial management.
Regulatory Compliance
In accordance with the EU Market Abuse Regulation, Jyske Bank ensures that all transactions related to this share repurchase programme are fully disclosed in corporate announcements. This ensures transparency and compliance with regulatory standards.
Contact Information
For further information regarding the share repurchase programme, please contact:
Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.
Frequently Asked Questions
What is the purpose of the share repurchase programme?
The programme aims to enhance shareholder value by acquiring shares, reflecting the bank's confidence in its financial stability.
How much is Jyske Bank planning to spend on the repurchase?
Jyske Bank is set to spend up to DKK 1.5 billion on share purchases throughout the programme period.
What percentage of shares will be owned after the repurchase?
After the completion of the programme, Jyske Bank will hold approximately 3.61% of its total share capital as treasury shares.
What regulations govern the share repurchase?
The programme is conducted under the EU Commission Regulation No. 596/2014, also known as the Market Abuse Regulation.
Who can be contacted for more information?
Birger Krøgh Nielsen, CFO, is available for inquiries at +45 89 89 64 44.
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