Weekly Updates on Jyske Bank's Share Buyback Activities

Overview of Jyske Bank’s Share Repurchase Programme
Jyske Bank has initiated a structured share repurchase programme that spans from February to January of the following year. This programme aims to buy back shares valued up to DKK 2.25 billion, complying with regulatory frameworks set by the EU to maintain fair market practices. The purpose behind these acquisitions is to enhance shareholder value and support the bank's long-term growth strategy.
Details of Recent Transactions
Under the share repurchase programme, several notable transactions have been executed. As of early April, Jyske Bank has acquired a significant number of shares, contributing to an accumulated total that reflects the bank's commitment to this initiative.
Transaction Summary
As of the most recent update, Jyske Bank announced several important transactions:
- On March 31, the bank purchased 45,759 shares at an average price of DKK 551.59.
- April 1 saw the acquisition of another 46,567 shares priced at DKK 551.02 each.
- The trend continued on April 2, with 46,890 shares being added to the bank's portfolio at DKK 550.95.
- More purchases occurred on April 3 and April 4, bringing the total to over 450,000 shares.
Total Accumulated Shares
Following these transactions, Jyske Bank now holds a total of 3,218,460 treasury shares. This figure corresponds to 5.01% of the bank's overall share capital, indicating a robust participation in their own stock market and a strategic move to manage capital efficiently.
Impact and Future Outlook
The decision to repurchase shares can be interpreted as a strong signal to the market regarding Jyske Bank's confidence in its operational and financial stability. The ongoing buyback programme not only underscores the bank's solid financial foundation but also aims to increase earnings per share, thereby attracting long-term investors.
Regulatory Compliance
Every transaction conducted under this programme adheres to the Safe Harbour Rules established by the EU Commission. This regulatory compliance ensures that the share buyback activity is conducted within the legal framework, thus fostering trust and integrity in the marketplace.
Contact Information
For more details about the share repurchase programme, stakeholders are encouraged to reach out to Jyske Bank’s CFO, Birger Krøgh Nielsen, via telephone at +45 89 89 64 44. Transparency is key, and the bank aims to keep its investors well-informed about all developments.
Frequently Asked Questions
What is the purpose of Jyske Bank's share repurchase programme?
The programme aims to enhance shareholder value by buying back shares, which can help boost the bank's stock price and overall financial health.
How many shares has Jyske Bank repurchased recently?
Recently, Jyske Bank has repurchased over 450,000 shares, increasing its total treasury shares to 3,218,460.
What are the average purchase prices for the recent acquisitions?
The average purchase prices for recent shares acquired range from approximately DKK 500 to DKK 572, depending on the transaction date.
Who can investors contact for more information?
Investors can contact Birger Krøgh Nielsen, the CFO of Jyske Bank, at +45 89 89 64 44 for additional information.
Are these transactions compliant with EU regulations?
Yes, all transactions under the share repurchase programme comply with EU Commission Regulations to ensure legal and ethical conduct within the market.
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