Spar Nord Bank Share Buybacks Update for Week 33
Company announcement no. 52. In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024.
The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”).
Recent Transactions Under the Share Buyback Programme
In last week the following transactions were made under the share buyback programme.
Accumulated from last announcement:
Number of shares: 1,929,697
Transaction value (DKK): 239,730,307
Transactions Summary
On 12 August 2024, 13,000 shares were purchased at an average price of DKK 134.30, amounting to DKK 1,745,900.
On 13 August 2024, 13,500 shares were purchased at an average price of DKK 133.93, totaling DKK 1,808,055.
On 14 August 2024, 14,000 shares were purchased at an average price of DKK 134.56, for a total of DKK 1,883,840.
On 15 August 2024, 14,000 shares were purchased at an average price of DKK 132.09, totaling DKK 1,849,260.
On 16 August 2024, 15,500 shares were acquired at an average price of DKK 131.71, amounting to DKK 2,041,505.
Total Transactions for Week 33
Total number of shares bought this week: 70,000
Total transaction value for the week: DKK 9,328,560
Total accumulated shares: 1,999,697
Total transaction value accumulated: DKK 249,058,867
Current Status of Treasury Shares
Following the above transactions, Spar Nord holds a total of 2,141,786 treasury shares, equal to 1.82 % of the Bank’s share capital.
Contact Information
Please direct any questions regarding this release to Rune Brandt Børglum, Head of Investor Relations on tel. + 45 96 34 42 36.
Frequently Asked Questions
What is the purpose of Spar Nord's share buyback programme?
The share buyback aims to reduce the bank’s share capital by acquiring shares under the programme.
How many shares were acquired in week 33?
A total of 70,000 shares were purchased during week 33.
What was the total transaction value for week 33?
The total transaction value for week 33 amounted to DKK 9,328,560.
How many treasury shares does Spar Nord hold after the transactions?
After the transactions, Spar Nord holds a total of 2,141,786 treasury shares.
Who can be contacted for inquiries regarding the share buyback?
Inquiries can be directed to Rune Brandt Børglum, Head of Investor Relations.
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