Overview of Jyske Bank's Share Repurchase Program
Jyske Bank has launched a share repurchase program that spans from February 26, 2025, to January 30, 2026. During this period, the bank aims to acquire shares valued up to DKK 2.25 billion, ensuring compliance with regulatory frameworks that support investor confidence and market integrity.
Details of the Share Transactions
Throughout the implementation of the program, several transactions have taken place, designed to bolster the financial structure of Jyske Bank. Below is an overview of the recent share acquisitions made:
Accumulated Shares from Previous Announcements
The initial reports indicated that Jyske Bank had acquired a total of 1,025,529 shares. This acquisition was achieved at an average purchase price of DKK 541.18, contributing a total transaction value of approximately DKK 554,995,995 to the bank's treasury.
Recent Transactions
Throughout the week in June, the following transactions were recorded under the share repurchase programme:
- June 16, 2025: 15,000 shares at an average price of DKK 636.39, totaling DKK 9,545,919.
- June 17, 2025: 20,000 shares at an average price of DKK 628.09, with a total costing DKK 12,561,798.
- June 18, 2025: 19,892 shares bought at DKK 627.82 each, amounting to DKK 12,488,633.
- June 19, 2025: Purchasing 8,085 shares at DKK 622.52, leading to a transaction value of DKK 5,033,107.
- June 20, 2025: Acquisition of 13,479 shares at an average price of DKK 625.81, costing DKK 8,435,235.
As a result of these transactions, the total shares accumulated under the current program reached 1,101,985, acquired at an average price of DKK 547.25, leading to an overall transaction value of DKK 603,060,688.
Impact on Share Capital
With the conclusion of these transactions, Jyske Bank's treasury shares now represent approximately 1.79% of the total share capital. This strategic accumulation reflects the bank’s commitment to enhancing shareholder value while adhering to the established regulations.
Looking Ahead
The ongoing share repurchase program reflects Jyske Bank's intentions to stabilize and boost its share price, demonstrating confidence in its intrinsic value and future prospects. Investors and shareholders can expect continued updates as the program advances.
For additional queries or more detailed insights regarding the share repurchase program, stakeholders may directly reach out to:
Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.
Frequently Asked Questions
What is the purpose of Jyske Bank's share repurchase program?
The program aims to enhance shareholder value and support the share price by purchasing shares on the market.
What are the regulatory frameworks governing the program?
It is structured in compliance with the EU Commission Regulation No. 596/2014 and related regulations.
How many shares has Jyske Bank repurchased so far?
As of now, Jyske Bank has repurchased a total of 1,101,985 shares under the program.
What is the total transaction value of the repurchased shares?
The total transaction value of the shares repurchased amounts to approximately DKK 603,060,688.
Who can be contacted for more information regarding the program?
For further inquiries, please contact Birger Krøgh Nielsen, CFO, at +45 89 89 64 44.
