Spar Nord Bank's Share Buyback Initiatives Explained
Understanding the Share Buyback Program of Spar Nord Bank
In a recent company announcement, Spar Nord announced an ambitious share buyback program valued at up to DKK 500 million. This is an important step for the bank, aiming to commence the share buyback initiative, enhancing overall shareholder value.
Goals Behind the Share Buyback
The main objective of this share buyback program is to effectively reduce Spar Nord's share capital by acquiring its own shares. This method not only provides direct benefits to existing shareholders but also aligns with the regulations outlined in the Market Abuse Regulation of the European Union.
Transactions Overview in the Recent Week
Recently, multiple transactions have been executed within the framework of this share buyback program. The following details outline the activity during the specified week.
Summary of Transactions
In the current week alone, the bank has actively participated in purchasing its own shares. The totals reflect a noteworthy commitment to the buyback initiative.
Detailed Breakdown of Share Transactions
Throughout last week, a total of 80,249 shares were acquired, leading to an overall transaction value of DKK 10,992,648. This shows both the scale and impact of the program.
Total Impact of the Buyback Program
At present, following the completed transactions from the buyback initiative, Spar Nord holds around 3,355,856 treasury shares. This represents approximately 2.85% of the bank's total share capital, reflecting the program's efficacy and commitment to increasing shareholder returns.
Contact for Further Inquiries
For any questions or further information regarding the buyback program or financial operations, please reach out to Rune Brandt Børglum, the Chief Financial Officer.
Rune Brandt Børglum, CFO
Phone: +45 96 34 42 36
Frequently Asked Questions
What is the primary purpose of Spar Nord's share buyback program?
The main goal is to reduce share capital and enhance shareholder value by purchasing its own shares.
How much is Spar Nord investing in the buyback program?
Spar Nord has announced a share buyback program valued at up to DKK 500 million.
What percentage of total shares does Spar Nord currently hold as treasury shares?
Spar Nord currently holds treasury shares that amount to approximately 2.85% of its total share capital.
Who can I contact for more information about this announcement?
For more details, inquiries can be directed to Rune Brandt Børglum, the CFO of Spar Nord.
How many shares were repurchased in the recent week?
A total of 80,249 shares were repurchased by Spar Nord during the last week under the share buyback program.
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