Overview of Jyske Bank's Share Repurchase Program
The share repurchase program launched by Jyske Bank is designed to enhance shareholder value and typically runs for an extended duration. The current program commenced earlier this year and is estimated to extend until January next year. In line with this initiative, Jyske Bank plans to acquire shares worth up to DKK 2.25 billion. This program is structured to comply with EU regulations that govern market conduct, ensuring transparency and fairness in the process.
Details of Recent Transactions
As part of the share repurchase program, Jyske Bank has made several significant transactions this week. Here’s an overview of shares acquired:
Previous Accumulated Transactions
Before diving into the latest transactions, it's important to note that the bank had already accumulated 1,931,578 shares prior to this week's activities, with an average purchase price standing at DKK 599.29, amounting to a total value of DKK 1,157,580,753.
Current Week's Acquisitions
Within week 37, the following shares were repurchased:
- 8 September 2025: 16,565 shares purchased at an average price of DKK 695.17, totaling DKK 11,515,433.
- 9 September 2025: 926 shares were acquired at DKK 695.07, amounting to DKK 643,637.
- 10 September 2025: The bank bought 9,019 shares priced at DKK 698.12, for a total cost of DKK 6,296,324.
- 11 September 2025: 500 shares were purchased, with an average price of DKK 695.31, costing DKK 347,656.
- 12 September 2025: 500 shares acquired at DKK 693.02, resulting in a transaction value of DKK 346,512.
By the end of this week, the total shares acquired under the repurchase program have reached 1,959,088, with an average purchase price at DKK 600.65, making the total value DKK 1,176,730,315.
Impact on Shareholder Value
This strategic move has resulted in Jyske Bank owning approximately 3.19% of its share capital in treasury shares. By executing these transactions, the bank aims to strengthen its balance sheet and return capital to its shareholders, reflecting its ongoing commitment to driving shareholder value.
Contact Information
For more information regarding the share repurchase program, shareholders can reach out to Birger Krøgh Nielsen, CFO, at +45 89 89 64 44.
Frequently Asked Questions
What is the purpose of the share repurchase program?
The purpose is to enhance shareholder value by returning capital and improving the share price through strategic repurchases.
How much has Jyske Bank allocated for the share repurchase?
The total allocation for the current share repurchase program is up to DKK 2.25 billion.
What percentage of shares does Jyske Bank currently hold in treasury?
As of the latest transactions, Jyske Bank holds approximately 3.19% of its share capital in treasury shares.
When did the share repurchase program begin?
The program was initiated on 26 February 2025 and is set to continue until January 2026.
Who can I contact for further inquiries?
For additional inquiries, please contact Birger Krøgh Nielsen, CFO, at +45 89 89 64 44.
