Update on Spar Nord Bank Share Buybacks for Week 33
This is company announcement no. 52. In announcement no. 10 from 2024, Spar Nord revealed a share buyback program with a budget of up to DKK 500 million, which began on 12 February 2024.
The main goal of this share buyback is to lower the bank's share capital by acquiring shares through the program. This initiative is being carried out in accordance with Regulation (EU) No 596/2014 from 16 April 2014, commonly referred to as the “Market Abuse Regulation.”
Recent Activity Under the Share Buyback Program
Last week, several transactions were completed under the share buyback program.
Accumulated from the last announcement:
Number of shares: 1,929,697
Transaction value (DKK): 239,730,307
Summary of Transactions
On 12 August 2024, the bank purchased 13,000 shares at an average price of DKK 134.30, totaling DKK 1,745,900.
On 13 August 2024, 13,500 shares were bought at an average price of DKK 133.93, amounting to DKK 1,808,055.
On 14 August 2024, 14,000 shares were acquired at an average price of DKK 134.56, for a total of DKK 1,883,840.
On 15 August 2024, another 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 bought at an average price of DKK 131.71, amounting to DKK 2,041,505.
Total Transactions for Week 33
Total number of shares acquired this week: 70,000
Total transaction value for the week: DKK 9,328,560
Total accumulated shares: 1,999,697
Total accumulated transaction value: DKK 249,058,867
Current Status of Treasury Shares
With the completion of these transactions, Spar Nord now holds a total of 2,141,786 treasury shares, which represents 1.82% of the bank's share capital.
Contact Information
If you have any questions regarding this announcement, please reach out to Rune Brandt Børglum, Head of Investor Relations, at tel. +45 96 34 42 36.
Frequently Asked Questions
What is the purpose of Spar Nord's share buyback programme?
The share buyback is intended to decrease the bank’s share capital by acquiring shares as part of the program.
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 was DKK 9,328,560.
How many treasury shares does Spar Nord hold after the transactions?
After these transactions, Spar Nord holds 2,141,786 treasury shares.
Who can be contacted for inquiries regarding the share buyback?
Inquiries should be directed to Rune Brandt Børglum, Head of Investor Relations.
