Overview of the Share Buyback Programme
Ringkjøbing Landbobank is committed to returning capital to shareholders through its share buyback programme, which commenced on June 2, 2025, and will continue until January 30, 2026. This initiative is designed to buy back shares worth up to DKK 1 billion, with a maximum repurchase of 1.6 million shares in accordance with EU regulations.
Recent Share Repurchases
The bank has reported various transactions executed under this programme as follows:
Transaction Details
The programme allows for systematic repurchases, and these are the details of the completed transactions:
Total shares bought back since the last announcement: 22,600 shares at an average price of DKK 1,354.03, resulting in a total expenditure of DKK 30,601,152.
Daily Transactions
Subsequent buybacks included:
- June 9: 0 shares
- June 10: 5,800 shares at DKK 1,357.09 (Total: DKK 7,871,122)
- June 11: 6,000 shares at DKK 1,355.47 (Total: DKK 8,132,820)
- June 12: 6,000 shares at DKK 1,354.64 (Total: DKK 8,127,840)
- June 13: 6,000 shares at DKK 1,345.68 (Total: DKK 8,074,080)
This brings the cumulative total under the buyback programme to 46,400 shares, resulting in the bank owning 460,600 shares, which corresponds to 1.81% of the bank’s share capital.
Regulation Compliance
This share buyback programme is fully compliant with the EU guidelines to ensure that it is conducted in a transparent and responsible manner. All transactions are documented and will be reported on a regular basis, ensuring stakeholders are kept informed.
Next Steps
Looking ahead, Ringkjøbing Landbobank will continue its buyback efforts as per the outlined schedule, further demonstrating its dedication to enhancing shareholder value and maintaining a strong financial position.
Frequently Asked Questions
What is the purpose of the share buyback programme?
The primary purpose is to return capital to shareholders and support the stock price by reducing the number of shares available in the market.
What is the total amount allocated for the buyback programme?
The bank has allocated up to DKK 1 billion for repurchasing its shares.
How many shares have been repurchased so far?
As of the latest report, a total of 46,400 shares have been bought back under the programme.
Are these transactions compliant with EU regulations?
Yes, all transactions are in compliance with EU regulations concerning share buybacks.
What percentage of the bank's share capital will the repurchased shares represent?
The repurchased shares amount to 1.81% of the total share capital of Ringkjøbing Landbobank.
