Overview of the Share Repurchase Programme
The share repurchase programme is active from June 3, 2024, until January 31, 2025. During this period, Jyske Bank plans to buy back shares worth up to DKK 1.5 billion, as detailed in Corporate Announcement No. 12/2024. This initiative is carried out in accordance with the EU Commission Regulation No. 596/2014, commonly referred to as the 'Market Abuse Regulation.'
Transaction Details
Several important transactions have taken place under this share repurchase programme.
Historical Transactions
Below are the details of the transactions that have been completed as part of the share repurchase programme:
- Accumulated, previous announcement: 2,117,042 shares were purchased at an average price of DKK 544.55, amounting to DKK 1,152,838,403.
- Recent Acquisitions: Key transactions include:
- On August 19, 2024, 41,610 shares were acquired at DKK 534.14 per share, totaling DKK 22,225,566.
- On August 20, 2024, 44,073 shares were acquired at DKK 536.93 per share, totaling DKK 23,664,262.
- On August 21, 2024, 51,692 shares were purchased at DKK 536.24 per share, totaling DKK 27,719,376.
- On August 22, 2024, 27,310 shares were purchased at DKK 538.78 per share, totaling DKK 14,714,099.
- On August 23, 2024, 38,618 shares were acquired at DKK 541.28 per share, totaling DKK 20,903,093.
As a result of these recent acquisitions, the total number of shares bought back under the programme has increased to 2,320,345 shares, with an average purchase price of DKK 543.91 and a total transaction value of DKK 1,262,064,798.
Ownership Implications
After settling the transactions mentioned, Jyske Bank will possess a total of 2,320,345 treasury shares. This accounts for roughly 3.61% of the company's share capital, excluding shares held for customer investments and trading activities. This strategic move is intended to boost shareholder value and underscores the bank's commitment to sound financial management.
Regulatory Compliance
In line with the EU Market Abuse Regulation, Jyske Bank guarantees that all transactions associated with this share repurchase programme are fully disclosed through corporate announcements. This practice ensures both transparency and adherence to regulatory standards.
Contact Information
If you need more information about the share repurchase programme, please reach out to:
Birger Krøgh Nielsen, CFO, at tel. +45 89 89 64 44.
Frequently Asked Questions
What is the purpose of the share repurchase programme?
The programme is designed to enhance shareholder value by repurchasing shares, reflecting the bank's confidence in its financial health.
How much is Jyske Bank planning to spend on the repurchase?
Jyske Bank intends to invest up to DKK 1.5 billion in share buybacks during the programme's duration.
What percentage of shares will be owned after the repurchase?
Upon completion of the programme, Jyske Bank will own approximately 3.61% of its total share capital as treasury shares.
What regulations govern the share repurchase?
The programme operates under the EU Commission Regulation No. 596/2014, also known as the Market Abuse Regulation.
Who can be contacted for more information?
For inquiries, please contact Birger Krøgh Nielsen, CFO, at +45 89 89 64 44.
