Overview of Jyske Bank's Share Repurchase Program
Jyske Bank has initiated a significant share repurchase program that commenced on 26 February 2025 and will continue until 30 January 2026. The bank plans to repurchase shares valued up to DKK 2.25 billion, ensuring alignment with the EU Commission's Market Abuse Regulation and related regulations designed to protect the integrity of the market.
Recent Transactions Overview
As part of this ongoing share repurchase initiative, several noteworthy transactions have occurred. The details below summarize the shares acquired during the specified week.
Transaction Details
During the week in question, Jyske Bank executed multiple transactions to repurchase its shares. Here’s a summary of those transactions:
- Accumulated Previous Total: 747,686 shares, with an average purchase price of DKK 528.25, resulting in a total transaction value of DKK 394,963,251.
- 22 April 2025: Acquisitions included 17,863 shares at an average price of DKK 511.44, totaling DKK 9,135,788.
- 23 April 2025: The bank acquired 13,435 shares with an average price of DKK 524.47, marking a total of DKK 7,046,263.
- 24 April 2025: Another 10,584 shares were repurchased at an average price of DKK 524.29, for a total transaction value of DKK 5,549,099.
- 25 April 2025: The final transaction of the week involved the repurchase of 12,706 shares, with an average price per share of DKK 529.45, leading to a total expenditure of DKK 6,727,197.
After these transactions, the overall totals indicate that Jyske Bank has repurchased 802,274 shares at an average price of DKK 527.78, with a cumulative transaction value amounting to DKK 423,421,598.
Impact on Shares and Market Position
Post-settlement of these transactions, Jyske Bank now holds a total of 3,567,392 treasury shares. This represents 5.55% of their total share capital, excluding shares held for trading or customer investments. The strategic repurchase is indicative of Jyske Bank’s robust financial position and confidence in its future growth.
Future Outlook
Moving forward, Jyske Bank aims to continue monitoring its share buyback program diligently, ensuring compliance with all regulatory requirements. This initiative reflects the bank's commitment to delivering value to its shareholders while maintaining a balanced approach to capital management.
Contact Information
For further inquiries regarding the share repurchase program or other corporate matters, please reach out to Birger Krøgh Nielsen, CFO, at +45 89 89 64 44.
Frequently Asked Questions
What is the purpose of Jyske Bank's share repurchase program?
The program aims to enhance shareholder value by repurchasing shares, which can lead to an increased share price and offer returns to shareholders.
How much is Jyske Bank planning to spend on the share repurchase?
Jyske Bank plans to repurchase shares valued up to DKK 2.25 billion during the duration of the program.
When was the share repurchase program initiated?
The program began on 26 February 2025 and is scheduled to conclude on 30 January 2026, if fully implemented.
What percentage of Jyske Bank’s share capital will be repurchased?
Overall, Jyske Bank intends to repurchase 5.55% of its total share capital over the term of this program.
Who can I contact for more information about the program?
For more detailed inquiries, you can contact Birger Krøgh Nielsen, CFO, at the phone number +45 89 89 64 44.
