Danske Bank's Impressive Progress in Share Buy-Back Program
Danske Bank's Share Buy-Back Initiative Overview
Danske Bank A/S has rolled out a significant share buy-back program aimed at enhancing shareholder value. On February 7, it was announced that the program will involve a total expenditure of DKK 5 billion, with plans to repurchase up to 45 million shares. This initiative is set within the timeline from February 10, 2025, through January 30, 2026, as unveiled in the latest company announcements.
Compliance with Regulatory Standards
The buy-back program is executed under strict adherence to Article 5 of the EU Regulation No. 596/2014, a regulation designed to ensure market integrity and investor protection. This includes following the guidelines set forth in the Commission Delegated Regulation (EU) 2016/1052, which collectively form the Safe Harbour Rules designed to provide a framework for firms undertaking such activities.
Transaction Details from Week 7
In week 7 of this buy-back initiative, Danske Bank engaged in several transactions on Nasdaq Copenhagen A/S. The following summarizes the buy-back activity:
Weekly Transactions Breakdown
On February 10, 2025, the bank acquired 5,000 shares at an average price of 232.3009 DKK, accumulating a total value of approximately 1,161,505 DKK. This activity continued with notable transactions on the subsequent days as follows:
- February 11: 5,000 shares at 232.4115 DKK, totaling 1,162,058 DKK.
- February 12: 5,000 shares at 233.1137 DKK, equaling 1,165,569 DKK.
- February 13: 5,000 shares at 229.9277 DKK, amounting to 1,149,639 DKK.
- February 14: 5,000 shares at 231.1261 DKK, reaching a total of 1,155,631 DKK.
By the end of the week, Danske Bank had accumulated a total of 25,000 shares, with an average transaction price of 231.7760 DKK and a gross value of 5,794,400 DKK. This exemplifies the bank's commitment to returning capital to its shareholders.
Cumulative Buy-Back Insights
So far, the total number of shares repurchased throughout the buy-back program corresponds to 0.003% of Danske Bank’s overall share capital. This commitment to enhancing shareholder value signals a positive outlook on financial strategies and acknowledges the trust bestowed upon the institution by its investors.
Looking Ahead
As Danske Bank engages in this strategic buy-back program, stakeholders can anticipate ongoing visibility into subsequent transactions and overall impacts on company performance. With the bank actively pursuing policies that benefit shareholders, it remains a closely watched entity in the financial sector.
Contact Information
For further inquiries or additional information regarding the share buy-back program, interested parties can reach out to Claus Ingar Jensen, Head of Group Investor Relations, at +45 25 42 43 70.
Frequently Asked Questions
What is the purpose of Danske Bank's share buy-back program?
The program aims to return capital to shareholders and enhance overall shareholder value.
How long will the buy-back program run?
The program is scheduled to run from February 10, 2025, until January 30, 2026.
What are the total shares planned for repurchase?
Danske Bank plans to repurchase up to 45 million shares throughout the program.
How does Danske Bank ensure compliance with regulations?
The bank adheres to the EU Market Abuse Regulation and Safe Harbour Rules for its buy-back activities.
Who can be contacted for queries about the buy-back program?
Claus Ingar Jensen, Head of Group Investor Relations, can be reached for such inquiries.
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