Danske Bank's Share Buyback Program: Key Updates and Impact
Danske Bank's Share Buyback Initiative Overview
Danske Bank A/S has embarked on an ambitious share buyback program totaling DKK 5 billion, which aims to repurchase up to 45,000,000 shares. This strategic move was first announced on February 7, 2025, and it is set to unfold from February 10, 2025, up until the end of January 2026. The decision is part of Danske Bank's broader strategy to enhance shareholder value and reflect its robust financial standing.
Execution of the Buyback Program
The execution of this buyback program adheres to the established regulations of the European Parliament and Council, particularly Article 5 of Regulation (EU) No 596/2014, known as the Market Abuse Regulation. The bank remains compliant with the Commission Delegated Regulation (EU) 2016/1052, ensuring that all transactions are conducted under the Safe Harbour Rules to protect the integrity of the market.
Week 11 Transactions: Insights and Statistics
In week 11 of the share buyback program, multiple transactions took place on Nasdaq Copenhagen A/S. The total purchases included 25,000 shares, showcasing a strategic acquisition approach to fostering investor confidence. The average weighted price (VWAP) for shares during this week was noted at DKK 236.1302, accumulating a gross value of DKK 5,903,256.
Breakdown of Shares Bought
The transaction history outlines the number of shares bought each day:
- On March 10, 2025, 5,000 shares were acquired at DKK 236.0465.
- The following day, March 11, 2025, another 5,000 shares were purchased at DKK 233.6040.
- March 12 saw a repeat of the 5,000 shares, but at a slight increase to DKK 235.6480.
- Further transactions continued with a purchase of 5,000 shares on March 13 and March 14, at prices of DKK 237.1577 and DKK 238.1949 respectively.
Total Accumulated Buybacks
As of the latest updates, the overall number of shares accumulated under this buyback program extends to 125,000, representing 0.015% of Danske Bank A/S's share capital. This is a significant element in reinforcing the bank's commitment toward its shareholders and market performance.
Future Outlook
Danske Bank's management anticipates that this buyback initiative will fortify the bank's position in the market, while also providing a direct return to its investors. As the financial landscape evolves, this calculated program demonstrates the bank's readiness to adapt and promote shareholder interests amidst market fluctuations. With several more months to go in the program's timeline, stakeholders can expect continued updates on buyback activities.
Contact Information
For further inquiries, individuals can reach out to Claus Ingar Jensen, the Head of Group Investor Relations, at +45 25 42 43 70. This assures transparent communication between the bank and its valued partners.
Frequently Asked Questions
What is the purpose of Danske Bank's share buyback program?
The program aims to enhance shareholder value by buying back shares and demonstrating financial strength.
How much has Danske Bank allocated for the buyback?
The total budget for the buyback program is DKK 5 billion.
What regulations govern the buyback program?
The program is conducted in compliance with the EU Market Abuse Regulation and related rules.
How many shares have been bought back in week 11?
In week 11, Danske Bank bought back a total of 25,000 shares.
Who can I contact for more information about the buyback?
Claus Ingar Jensen, Head of Group Investor Relations, can be contacted at +45 25 42 43 70 for details.
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