Share Buyback Programme Update - Week 36
Ringkjøbing Landbobank’s share buyback programme, which runs from 1 February 2024 to 27 January 2025, was first announced on 31 January 2024. Part I, covering DKK 750 million, was completed on 27 June 2024. Part II, with a budget of DKK 775 million and a limit of 1,550,000 shares, began on 28 June 2024 and will run until 27 January 2025.
The programme follows EU Commission Regulation No. 596/2014 and Delegated Regulation No. 2016/1052, ensuring compliance with “Safe Harbour” rules.
Recent Transactions
The following share purchases were made under the programme during week 36:
- 2 September 2024: 4,900 shares at an average price of DKK 1,105.14 (total DKK 5,415,186)
- 3 September 2024: 4,800 shares at an average price of DKK 1,099.57 (total DKK 5,277,936)
- 4 September 2024: 4,500 shares at an average price of DKK 1,085.22 (total DKK 4,883,490)
- 5 September 2024: 4,500 shares at an average price of DKK 1,071.89 (total DKK 4,823,505)
- 6 September 2024: 4,600 shares at an average price of DKK 1,065.18 (total DKK 4,899,828)
As of 6 September 2024, a total of 245,207 shares have been bought back under Part II of the programme for DKK 279,255,771 at an average price of DKK 1,138.86.
Total Shares Bought Back
- Under Part I (1 February 2024 – 27 June 2024): 631,900 shares at an average price of DKK 1,186.82 (total DKK 749,953,400).
- Combined total (Part I and Part II): 877,107 shares at an average price of DKK 1,173.41 (total DKK 1,029,209,171).
Ringkjøbing Landbobank now holds 877,107 of its own shares, representing 3.3% of its total share capital, excluding shares in its trading portfolio and customer investments.
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