Share buy-back programme The annual general meet
Post# of 301275
Posted On: 12/07/2016 5:15:32 AM
Share buy-back programme
The annual general meeting in February 2016 authorised the bank’s board of directors to buy shares for up to DKK 140 million, for cancellation at a future general meeting.
The bank has now completed its buy-back of shares under the programme, and shares were reserved as follows on 7 December 2016:
| Number of shares | Average purchase price in DKK | Transaction value in DKK 1,000 | |
| Reserved on 9 March 2016 | 20,000 | 1,403.53 | 28,071 |
| Reserved on 1 June 2016 | 29,000 | 1,371.46 | 39,772 |
| Reserved on 14 September 2016 | 23,000 | 1,429.02 | 32,867 |
| Reserved on 7 December 2016 | 28,000 | 1,415.85 | 39,644 |
| Total reserved on 7 December 2016 | 100,000 | 140,354 |
The share buy-back programme has thus been fully utilised, and a recommendation will therefore be submitted to the bank’s ordinary general meeting in February 2017 to cancel 100,000 shares, thus reducing the number of shares from 4,570,000 to 4,470,000 through the implementation of a capital reduction.
| Yours sincerely, |
| Ringkjøbing Landbobank John Fisker Jørn Nielsen |
(0)
(0)Scroll down for more posts ▼