Updates on Jyske Bank's Share Repurchase Program for 2025
Overview of Jyske Bank's Share Repurchase Programme
Jyske Bank has initiated a share repurchase programme that commenced on 26 February 2025 and will remain active until 30 January 2026. Through this program, Jyske Bank plans to repurchase shares valued at up to DKK 2.25 billion. This strategic approach, as outlined in Corporate Announcement No. 3/2025 from 26 February 2025, aligns with the regulations set forth in the EU Commission Regulation No. 596/2014, known as the Market Abuse Regulation, and follows the guidelines established in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016. Together, these regulations ensure compliance with the so-called Safe Harbour Rules, providing a framework for market conduct.
Recent Transactions Under the Programme
In line with the repurchase initiatives, numerous transactions have been completed during the programme. Below are details of the latest share acquisitions:
Transaction Summary
The following table summarizes the most recent transactions made under this repurchase programme:
Accumulated Previous Announcement: 982,403 shares purchased at an average price of DKK 537.23, amounting to a total transaction value of DKK 527,780,007.
New Transactions:
- 10 June 2025: 2,000 shares at an average purchase price of DKK 627.23, total value DKK 1,254,450.
- 11 June 2025: 14,169 shares at DKK 628.91, total value DKK 8,910,965.
- 12 June 2025: 14,886 shares at DKK 634.51, total value DKK 9,445,313.
- 13 June 2025: 12,071 shares at DKK 630.04, total value DKK 7,605,260.
These transactions indicate the ongoing commitment of Jyske Bank to return value to its shareholders.
Cumulative Results of the Share Repurchase Programme
As of the latest reporting, Jyske Bank has accumulated a total of 1,025,529 shares under this repurchase scheme. The average purchase price for these shares stands at DKK 541.18, translating to a total transaction value of DKK 554,995,995. Notably, this represents approximately 1.67% of the bank's share capital. This significant ownership demonstrates Jyske Bank's confidence in its prospects and its strategy to strengthen shareholder interests.
Company Contact Information
For further details regarding the share repurchase programme and other corporate announcements, stakeholders may contact:
Birger Krøgh Nielsen
CFO
Tel: +45 89 89 64 44.
Frequently Asked Questions
What is the purpose of Jyske Bank's share repurchase programme?
The programme is designed to enhance shareholder value and demonstrate the bank's confidence in its financial health.
How much does Jyske Bank plan to spend on share repurchases?
Jyske Bank intends to repurchase shares valued at up to DKK 2.25 billion during the programme.
How many shares has Jyske Bank repurchased to date?
As of now, Jyske Bank has repurchased a total of 1,025,529 shares.
What is the average purchase price for the shares repurchased?
The average purchase price of the repurchased shares is DKK 541.18.
How can investors get more information on the programme?
Investors can contact Birger Krøgh Nielsen, the CFO, for any inquiries regarding the share repurchase programme.
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