Schouw & Co. Updates on Share Buy-Back Program Week 45
Overview of Schouw & Co.'s Share Buy-Back Program
Schouw & Co. has recently embarked on an exciting journey with its share buy-back program, which began on March 4, 2024. This strategic initiative aims for an acquisition of shares totaling up to DKK 200 million and is set to continue until the end of 2024.
Regulatory Framework
The buy-back program is designed to adhere to stringent regulations, specifically the Regulation (EU) No. 596/2014 concerning market abuse. This ensures that the buy-back activities of Schouw & Co. are conducted transparently and in compliance with market guidelines.
Details of the Trading Activity
As of November 1, 2024, Schouw & Co. has made substantial progress in its buy-back endeavors. By that date, the company had successfully accumulated 288,387 shares, with an average price of 558.14 DKK, leading to a total expenditure of approximately 160.96 million DKK.
Trading Days and Performance
Following the initial phase, the company continued its operations through several key trading days:
- November 4, 2024: 1,700 shares purchased at an average price of 570.59 DKK, totaling 970,003 DKK.
- November 5, 2024: Another 1,700 shares bought at an average of 569.29 DKK, with a total cost of 967,793 DKK.
- November 6, 2024: A similar transaction recorded, acquiring 1,700 shares at an average price of 568.59 DKK for 966,603 DKK.
- November 7, 2024: 1,700 shares bought at a higher average of 576.30 DKK, resulting in 979,710 DKK expended.
- November 8, 2024: The final trading day during this week recorded the acquisition of 1,600 shares at an average price of 577.07 DKK, totaling around 923,312 DKK.
In total, during the period from November 4 to November 8, 2024, Schouw & Co. bought back 8,400 shares at an average of 572.31 DKK, amounting to approximately 4.81 million DKK.
Total Share Acquisitions
By the end of the reporting period, Schouw & Co. had accumulated a total of 296,787 shares. This accomplishment is significant, as it represents approximately 7.63% of its total share capital, comprised of 25 million shares.
Company Leadership and Contact Information
Aktieselskabet Schouw & Co. is led by Jørgen Dencker Wisborg, serving as Chairman, alongside Jens Bjerg Sørensen, the President. Should there be any inquiries or need for further information, you can reach the company directly at +45 86 11 22 22.
Frequently Asked Questions
What is the purpose of Schouw & Co.'s share buy-back program?
The purpose is to enhance shareholder value by returning capital to shareholders and potentially increasing the stock price.
How long will the share buy-back program continue?
The program is set to run from March 4, 2024, through December 31, 2024.
How many shares has Schouw & Co. repurchased so far?
As of November 8, 2024, Schouw & Co. has repurchased a total of 296,787 shares.
What regulations govern the share buy-back program?
The program adheres to Regulation (EU) No. 596/2014 concerning market abuse and the relevant delegated regulations.
Who is leading Schouw & Co.?
The company is chaired by Jørgen Dencker Wisborg and is managed by President Jens Bjerg Sørensen.
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