Overview of the Share Repurchase Programme
Jyske Bank's share repurchase programme is set to take place from 3 June 2024 to 31 January 2025. During this period, the bank intends to buy back shares worth up to DKK 1.5 billion. This initiative aligns with Corporate Announcement No. 12/2024, which was published in May 2024. The programme complies with the EU Commission Regulation No. 596/2014, commonly referred to as the Market Abuse Regulation, ensuring that the share buybacks are conducted transparently.
Recent Transactions Under the Programme
Since the programme began, there have been several significant transactions. The details of the shares acquired and their purchase specifics have been carefully documented. This data underscores Jyske Bank's dedication to enhancing shareholder value while maintaining a robust capital structure.
Transaction Details
Here are some important transactions that have taken place as of the latest update:
- 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 purchased 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 acquired 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, resulting in 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.
- Lastly, on 30 August 2024, the bank acquired 29,796 shares at an average price of DKK 540.17, leading to a total transaction value of DKK 16,094,824.
Aggregate Outcomes from the Programme
As a result of these transactions, Jyske Bank has accumulated a total of 2,501,939 treasury shares, which represents about 3.89% of its share capital. This initiative not only reflects the bank's confidence in its financial health but also highlights its commitment to delivering value to shareholders through effective capital management.
Compliance with Regulations
All transactions related to the share buyback programme are conducted in strict compliance with the EU Commission Regulation No. 596/2014. This adherence ensures that all stakeholders remain informed and that Jyske Bank operates within the established financial regulations.
Contact Information
If you have any questions regarding the share repurchase programme, please reach out to Birger Krøgh Nielsen, CFO, at +45 89 89 64 44. Jyske Bank is committed to transparency and aims to enhance shareholder value through responsible financial practices.
Frequently Asked Questions
What is the purpose of Jyske Bank’s share repurchase programme?
The programme is designed to enhance shareholder value and manage the bank's capital effectively by repurchasing its own shares.
How long will the buyback programme run?
The share repurchase programme is set to run 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 update, Jyske Bank has repurchased a total of 2,501,939 shares under the programme.
Who can I contact for more information?
You can reach out to Birger Krøgh Nielsen, the CFO, at +45 89 89 64 44 for further details about the programme.
