Understanding Royal Unibrew's Recent Share Buy-Back Details
Overview of the Share Buy-Back Program
Royal Unibrew has taken a significant step by initiating a share buy-back program, which was first announced on February 25, with intentions to enhance shareholder value. This program is part of a strategic move aimed at optimizing its capital structure and demonstrating commitment to its investors.
Regulatory Framework for the Buy-Back
The buy-back initiative conforms to the regulations set forth by the EU and serves as a tactical approach under Article 5 of the Market Abuse Regulation. Such regulations are designed to ensure transparency and fairness in market operations, protecting both the company and its shareholders.
Timeline and Financial Parameters
This share buy-back program is set to run from February 26 through August 15, with the total expenditure not exceeding DKK 250 million. This indicates a well-planned financial strategy that aims to strike a balance between returning capital to shareholders while maintaining necessary reserves for future investments.
Transaction Highlights
Since the launch of the buy-back program, Royal Unibrew has made several key purchases on the Nasdaq Copenhagen exchanges. As of the latest update, the company has executed multiple transactions as detailed below:
Transaction Summary
In total, from the accumulated transactions, Royal Unibrew has repurchased a grand total of 98,947 shares under the program. The average purchase price recorded was DKK 548.08 per share, translating to an overall transaction value of approximately DKK 54.23 million. This indicates a proactive approach in managing its share capital.
Ownership and Share Capital
Following these ongoing transactions, Royal Unibrew currently holds 232,269 shares which is about 0.5% of the total share capital. The company has 50,200,000 shares in total, inclusive of treasury shares. This positions the company favorably in terms of market perception and shareholder trust.
Future Impacts on Shareholders
With this strategic buy-back program, the management of Royal Unibrew aims to mitigate stock dilution, and potentially increase the earnings per share (EPS). As the program progresses, shareholders may witness an appreciation in share value, reflecting positively on their investments.
Contact for Further Information
For any inquiries related to the share buy-back program, investors can reach out to Flemming Ole Nielsen, who serves as the Head of Investor Relations. He can be contacted via telephone at +45 25 41 68 04 or via email at Flemming.Nielsen@royalunibrew.com.
Frequently Asked Questions
What is the purpose of Royal Unibrew’s share buy-back program?
The program is designed to return capital to shareholders while enhancing the value of outstanding shares by reducing the number of shares available in the market.
How much is Royal Unibrew planning to spend on the buy-back?
The maximum expenditure for the buy-back program is capped at DKK 250 million.
When is the buy-back program scheduled to run?
The program is set to take place from February 26 to August 15.
How many shares has Royal Unibrew repurchased so far?
As of the latest update, Royal Unibrew has repurchased a total of 98,947 shares under the buy-back program.
What impact does the buy-back program have on shareholders?
It aims to increase the share value and earnings per share (EPS), ultimately benefiting shareholders.
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