Schouw & Co. Launches Share Buy-Back Program in 2024

Overview of Schouw & Co. Share Buy-Back Program

Schouw & Co. has embarked on an exciting journey to reinvest in itself through its recently initiated share buy-back program. This ambitious program was introduced in Company Announcement No. 13, signaling Schouw & Co.'s commitment to enhancing shareholder value. With a budget allocation of up to DKK 200 million, the company plans to repurchase shares from 4 March 2024 until the end of the year.

Structured Approach to the Buy-Back

This program is carefully crafted to adhere to the highest regulatory standards, specifically in line with Regulation (EU) No. 596/2014 aimed at preventing market abuse and promoting transparency in share trading. The implementation will follow the guidelines set by the Commission’s delegated regulation, ensuring that all activities remain within the safe harbor rules established for such initiatives.

Progress and Impact on Shareholder Value

As of now, a significant number of shares have already been repurchased. By 30 August 2024, Schouw & Co. has accumulated a total of 212,987 shares at an average price of 550.59 DKK, amounting to a substantial investment of over 117 million DKK in its own equity. This increased shareholder engagement demonstrates Schouw & Co.'s confidence in its long-term growth prospects and its commitment to returning capital to its investors.

Recent Trading Highlights

In the following days, the buy-back program saw further activity, with significant shares purchased each trading day. For instance, on 2 September 2024, 1,600 shares were acquired at an average price of 582.90 DKK, followed by similar purchases on subsequent trading days. This uptick in buy-back activity reflects the company's strategical approach to securing its position in the market and responding to investor confidence.

Cumulative Effect of the Buy-Back

By 6 September 2024, Schouw & Co. achieved a total accumulation of 221,387 shares during the buy-back period, maintaining an average repurchase price of 551.75 DKK. The total capital invested through these transactions illustrates a strong commitment to sustaining a robust market position amidst fluctuating share prices.

Potential Future Implications

The ongoing share buy-back program holds several implications for Schouw & Co. and its shareholders. By reducing the number of outstanding shares, the company is poised to enhance earnings per share (EPS), potentially driving the share price higher as the market reacts positively to the company's strategic decisions.

Conclusion and Shareholder Communications

Schouw & Co. emphasizes the importance of transparent communication with its shareholders. Jørgen Dencker Wisborg, Chairman, and Jens Bjerg Sørensen, President, have been proactive in addressing any inquiries relating to the share buy-back program. Investors can reach out via telephone at +45 86 11 22 22 for any further information. This commitment to communication reflects the company's dedication to fostering a strong relationship with its investors, ensuring they are informed and engaged.

Frequently Asked Questions

What is the purpose of the share buy-back program?

The primary aim is to enhance shareholder value by repurchasing shares, thus increasing earnings per share and potentially stabilizing the share price.

How long will the buy-back program last?

The program is scheduled to run from 4 March 2024 to 31 December 2024.

What are the regulatory guidelines followed in this buy-back?

The buy-back program complies with Regulation (EU) No. 596/2014 and the Commission’s delegated regulation ensuring safe harbor for market activities.

How many shares have been bought back so far?

As of 6 September 2024, Schouw & Co. has acquired a total of 221,387 shares during the buy-back program.

How can I contact Schouw & Co. for more information?

Shareholders can contact the company directly at +45 86 11 22 22 for any inquiries regarding the program.

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