Updates from Schouw & Co.'s Share Buy-Back Programme Progress

Overview of Schouw & Co. Share Buy-Back Programme
On May 5, Schouw & Co. took a significant step in enhancing shareholder value by launching a share buy-back programme. As outlined in their company announcement from May 2, the initiative allows for the acquisition of shares valued up to DKK 120 million. The duration of this programme extends from May 5 to December 31.
Structuring the Buy-Back Programme
This buy-back plan is designed to comply with European regulation standards, specifically the Regulation (EU) No. 596/2014 that addresses market abuse, and follows the guidelines set forth by the Commission’s delegated regulation (EU) 2016/1052, commonly known as the “Safe Harbour” rules. Such adherence ensures that the buy-back takes place transparently and lawfully, maintaining investor trust.
Recent Trading Activities
In the initial phase of the buy-back programme, Schouw & Co. has made notable investments in their own shares. As of the latest reports, here’s a breakdown of the trading activities:
Accumulated Shares and Pricing
As of May 30, 30,500 shares have been acquired at an average price of DKK 578.18, amounting to a total investment of DKK 17.63 million. The following week, more activity was observed, with purchases on several trading days. On June 2, a total of 1,800 shares were acquired at an average price of DKK 574.61, while on June 3, the price slightly increased to DKK 575.82 for an additional 1,800 shares.
Weekly Analysis
June 4 saw another 1,800 shares bought, this time at DKK 581.26. The numbers reflect an active and strategic approach to managing the company’s share capital. On June 6, Schouw & Co. purchased 1,700 shares at a price of DKK 591.11, bringing the total shares bought back from June 2 to June 6 to 7,100, at an average price of DKK 580.55.
Total Holdings and Share Impact
As a result of these transactions, Schouw & Co. now holds a substantial total of 2,079,593 treasury shares. This amount corresponds to approximately 8.32% of the company's total share capital, which stands at 25 million shares. This purchase strategy not only reinforces the company’s commitment to returning value to shareholders but also contributes to improving the share's market perception.
Management Statements
The Chairman, Jørgen Dencker Wisborg, and President, Jens Bjerg Sørensen, emphasize that this buy-back initiative is part of a broader strategy to optimize the company’s financial resources while simultaneously addressing shareholder interests. The telephone line remains open for inquiries from investors at +45 86 11 22 22.
Frequently Asked Questions
What is the purpose of Schouw & Co.'s buy-back programme?
The buy-back programme aims to enhance shareholder value by acquiring shares, thus managing share capital effectively.
How much is Schouw & Co. planning to invest in the buy-back programme?
They plan to acquire shares worth up to DKK 120 million until the end of December.
What are the guidelines governing the buy-back programme?
The buy-back is conducted in line with EU regulations on market abuse, ensuring compliance and transparency.
How many shares have been accumulated so far?
As of June 6, 37,600 shares have been accumulated, reflecting strategic purchasing activities.
Who can investors contact for more information?
Investors can reach out to the company contact, Jørgen Dencker Wisborg, or Jens Bjerg Sørensen at +45 86 11 22 22 for any inquiries.
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