Schouw & Co. Launches 2025 Share Buy-Back Initiative
Schouw & Co. Launches 2025 Share Buy-Back Initiative
On the 2nd of January, Schouw & Co. began an exciting share buy-back programme aimed at bolstering its stock value and enhancing shareholder returns. This strategic move, communicated in Company Announcement no. 70, signifies the company's robust financial health and commitment to shareholder value.
Understanding the Share Buy-Back Programme
The buy-back initiative will see Schouw & Co. reacquiring shares valued up to DKK 50 million over a three-month period, culminating on 31 March. The programme is structured to adhere to the European regulations in place to ensure market fairness and transparency. By actively participating in this buy-back, Schouw & Co. aims to stabilize its stock price while also signaling confidence in its market position.
Regulatory Framework
This initiative aligns with Regulation (EU) No. 596/2014, which was established to prevent market abuse. Schouw & Co. will abide by the Commission's delegated regulation ensuring that purchases made during this buy-back programme adhere to the 'Safe Harbour' rules. This regulatory compliance is essential to maintain investor trust and uphold market integrity.
Daily Activity Overview in the Buy-Back Programme
The share buy-back commenced with significant transactions on its first two trading days. On 2 January, Schouw & Co. purchased 1,500 shares at an average price of 548.19 DKK, totaling an expenditure of 822,285 DKK. The following day, 3 January, saw the acquisition of 1,600 shares at an adjusted average price of 554.71 DKK, amounting to 887,536 DKK. In just these two days, the company successfully acquired a cumulative total of 3,100 shares, contributing to a total investment of 1,709,821 DKK.
Impact on Share Distribution
With these recent transactions, Schouw & Co. now holds a considerable 1,973,013 treasury shares, representing approximately 7.89% of its total share capital, which amounts to 25,000,000 shares. This strategy not only helps to manage the share float but also reflects a growing investment in the company itself, which is a positive signal to potential investors.
Leadership Commitment to Shareholders
Jørgen Dencker Wisborg, Chairman of Schouw & Co., alongside Jens Bjerg Sørensen, the President, have shown a clear commitment to enhancing shareholder value through such strategic initiatives. They emphasize the importance of creating lasting value and a robust engagement with investors, ensuring that the company's strategies align with shareholder interests.
For inquiries regarding the share buy-back programme or to discuss further investment opportunities, shareholders and interested parties can reach out via telephone at +45 86 11 22 22.
Frequently Asked Questions
What is the main goal of Schouw & Co.'s share buy-back programme?
The main goal is to enhance shareholder value by reducing the number of shares available on the market, thereby potentially increasing the share price.
How much is Schouw & Co. allocating for the buy-back?
Schouw & Co. has allocated up to DKK 50 million for the duration of the buy-back programme.
What are the regulatory rules governing this buy-back?
The programme is governed by EU regulations on market abuse and follows the 'Safe Harbour' rules to ensure compliance and transparency.
How many shares has Schouw & Co. bought back so far?
As of now, Schouw & Co. has bought back a total of 3,100 shares since the programme's initiation.
Who can be contacted for more information about the programme?
For more information, shareholders can contact Jørgen Dencker Wisborg, the Chairman, or Jens Bjerg Sørensen, the President, at +45 86 11 22 22.
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