Jyske Bank's Strategic Share Repurchase Program Update
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Overview of the Share Repurchase Programme
The share repurchase programme set forth by Jyske Bank is designed to run from 3 June 2024 until 31 January 2025. During this time, the bank plans to acquire shares valued at up to DKK 1.5 billion. This initiative is in accordance with Corporate Announcement No. 12/2024 released earlier in May 2024. The program adheres to the EU Commission Regulation No. 596/2014, also known as the Market Abuse Regulation, ensuring a transparent approach to share buybacks.
Recent Transactions Under the Programme
Throughout the duration of the repurchase programme, there have been several notable transactions. The accumulation of shares and their respective purchase details have been meticulously recorded. The data shows the strong commitment of Jyske Bank to enhance shareholder value and maintain a stable capital structure.
Transaction Details
As of the latest announcement, here are some key transactions that have occurred:
- Accumulated Previous Announcement: 2,320,345 shares at an average purchase price of DKK 543.91, totaling DKK 1,262,064,798.
- On 26 August 2024, Jyske Bank acquired 38,501 shares at an average price of DKK 539.20, amounting to DKK 20,759,674.
- On 27 August 2024, 38,237 shares were purchased at DKK 540.61, with a total expenditure of DKK 20,671,217.
- On 28 August 2024, 37,657 shares were bought for an average price of DKK 536.51, leading to a transaction value of DKK 20,203,459.
- On 29 August 2024, Jyske Bank purchased 37,403 shares at DKK 540.99, investing DKK 20,234,787.
- Finally, on 30 August 2024, the acquisition of 29,796 shares was made at an average price of DKK 540.17, resulting in a total transaction value of DKK 16,094,824.
Aggregate Outcomes from the Programme
Following the completion of these transactions, Jyske Bank has accumulated a total of 2,501,939 treasury shares, representing approximately 3.89% of its share capital. This initiative not only reflects the bank’s confidence in its financial standing but also demonstrates a commitment to returning value to shareholders by managing capital effectively.
Compliance with Regulations
All transactions linked to the share buy-back programme are executed in full compliance with the EU Commission Regulation No. 596/2014. This adherence guarantees that all stakeholders are kept informed and that Jyske Bank operates within established financial regulations.
Contact Information
For further inquiries regarding the share repurchase programme, you may reach out to Birger Krøgh Nielsen, CFO, at +45 89 89 64 44. Jyske Bank remains committed to transparency and enhancing shareholder value through responsible financial practices.
Frequently Asked Questions
What is the purpose of Jyske Bank’s share repurchase programme?
The programme aims to enhance shareholder value and manage the bank's capital effectively by buying back its own shares.
How long will the buyback programme run?
The share repurchase programme is scheduled to operate from 3 June 2024 until 31 January 2025.
What is the total amount allocated for the buyback?
Jyske Bank has allocated up to DKK 1.5 billion for the share repurchase programme.
How many shares has Jyske Bank repurchased so far?
As of the latest report, Jyske Bank has repurchased a total of 2,501,939 shares under the programme.
Who can I contact for more information?
You can contact Birger Krøgh Nielsen, the CFO, at +45 89 89 64 44 for additional details regarding the programme.
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