Jyske Bank's Share Repurchase Initiative and Recent Transactions
Unveiling Jyske Bank's Share Repurchase Programme
Jyske Bank has launched a substantial share repurchase programme, effective from early June 2024 until the end of January 2025. This initiative allows the bank to acquire shares valued up to DKK 1.5 billion. This strategic move is detailed in their Corporate Announcement No. 12/2024. The programme is fully compliant with the EU Commission Regulation No. 596/2014, often referred to as the "Market Abuse Regulation," ensuring that all operations are transparent and lawful.
Overview of Transactions Under the Programme
As part of the share repurchase programme, Jyske Bank has meticulously reported its transactions, ensuring transparency for its shareholders and investors. The following highlights represent the transactions made recently under this programme, displaying the number of shares acquired, their average purchase price, and the total transaction value.
Recent Transactions Summary
According to the most recent corporate updates, Jyske Bank has accumulated a total of 2,715,553 shares, demonstrating a strategic approach to enhancing shareholder value. The average purchase price recorded throughout the buy-back period stands at DKK 542.95, culminating in an impressive total transaction value of approximately DKK 1.47 billion.
Daily Acquisitions
Here is a breakdown of some key transactions made on specific dates:
- 16 September 2024: Acquired 383 shares at an average price of DKK 525.50.
- 17 September 2024: Purchased 71 shares at an average of DKK 528.46.
- 18 September 2024: Obtained 148 shares for an average price of DKK 526.27.
- 19 September 2024: Transacted 64 shares at an average of DKK 532.30.
- 20 September 2024: Acquired 68 shares at an average price of DKK 528.67.
Impact of the Repurchase Programme
The cumulative effect of these transactions signifies that Jyske Bank holds a total of 2,715,553 treasury shares. This amount, which excludes shares that are held for trading purposes or in customer accounts, represents approximately 4.23% of the bank's share capital. Such actions are aimed at boosting the bank's stock performance, reinforcing investor confidence, and supporting shareholder interests.
Next Steps and Regulations
In accordance with regulatory guidelines, Jyske Bank commits itself to detailed disclosure concerning transactions related to the share repurchase programme. This transparency is essential for maintaining trust among investors and adhering to legal standards.
It is noted that shareholders and analysts can follow future announcements regarding similar initiatives, as Jyske Bank continually adapts its strategies to enhance business performance and shareholder returns.
About Jyske Bank
As an established institution, Jyske Bank remains focused on creating value through strategic initiatives such as this share buy-back programme. Interested parties can reach out to their CFO, Birger Krøgh Nielsen, at +45 89 89 64 44 for any inquiries regarding the programme or further information about company's strategic directions.
Frequently Asked Questions
What is the purpose of Jyske Bank's share repurchase programme?
The programme aims to enhance shareholder value by buying back shares, which can help stabilize stock prices and demonstrate financial strength.
How much does Jyske Bank plan to spend on share repurchases?
The bank has allocated up to DKK 1.5 billion for this initiative during the designated period.
What percentage of the company's shares will be repurchased?
The total repurchased shares amount to approximately 4.23% of Jyske Bank's share capital.
Who can provide details about the share repurchase transactions?
Birger Krøgh Nielsen, the CFO of Jyske Bank, is available for queries regarding these transactions.
Is the share repurchase programme compliant with regulations?
Yes, the programme complies with the EU Commission Regulation No. 596/2014, ensuring lawful conduct throughout the repurchase process.
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