Danske Bank's Recent Share Buy-Back Transactions Explained
Danske Bank's Ongoing Share Buy-Back Program
Danske Bank A/S has made headlines with its recent announcement concerning a substantial share buy-back initiative aimed at enhancing shareholder value. The latest transaction details highlight the bank's commitment to returning capital to its investors and reflect its robust financial standing amidst a dynamic market.
Overview of the Share Buy-Back Program
On 7 February, Danske Bank introduced a significant share buy-back program, allocating DKK 5 billion to repurchase up to 45 million shares. The initiative is set to run from 10 February through the end of January next year, embodying the bank's strategic move to optimize capital distribution and improve shareholder equity.
Compliance with Regulations
This program is conducted in adherence to the established trading rules set forth by the Market Abuse Regulation and its associated guidelines. These regulations ensure that market activity is conducted transparently and responsibly, as Danske Bank strictly follows all regulatory requirements throughout this buy-back period.
Transactions in Week 24
The bank recently reported its share buy-back transactions for week 24, underscoring a steady progression towards its outlined goals. Notably, transactions were executed on Nasdaq Copenhagen, contributing to an increase in the accumulated shares repurchased thus far.
Summary of Transactions
In a breakdown of the recent transactions, the following details reflect the week 24 activities:
- 10 June: 50,000 shares at a VWAP of DKK 259.53, totaling a gross value of DKK 12,976,310.
- 11 June: Another 50,000 shares were acquired at a VWAP of DKK 259.72, amounting to DKK 12,985,880.
- 12 June: Purchases included 49,795 shares at a VWAP of DKK 258.80, coming to DKK 12,886,961.
- 13 June: 79,146 shares were bought at a VWAP of DKK 256.56, with a gross value of DKK 20,305,444.
The total number of shares accumulated during this week reached 228,941, with a gross value calculated at DKK 59,154,595.
Total Accumulated Shares to Date
Cumulatively, the program has successfully repurchased a total of 6,905,843 shares, representing approximately 0.821% of Danske Bank's share capital. This demonstrates the bank's robust strategy toward maximizing shareholder return and indicates a healthy stock movement influenced by market conditions.
Strategic Importance of Share Buy-Back Initiatives
Such buy-back programs are crucial for publicly listed firms as they signal confidence in the company’s current worth and future prospects. For Danske Bank, this move not only strengthens its capital position but also offers shareholders an opportunity for improved value per share, benefiting long-term investors.
Contact Information for Investor Relations
For those interested in further inquiries or detailed information regarding the share buy-back initiative, please reach out to Claus Ingar Jensen, the Head of Group Investor Relations at Danske Bank, who is available at +45 25 42 43 70. The bank maintains transparency and is dedicated to keeping its stakeholders informed about significant developments and strategic decisions.
Frequently Asked Questions
What is the purpose of the Danske Bank share buy-back program?
The share buy-back program aims to enhance shareholder value by repurchasing shares and distributing capital back to investors.
How much is Danske Bank allocating for the buy-back program?
Danske Bank has allocated DKK 5 billion for the execution of this share buy-back program.
When does the share buy-back program run?
The program runs from 10 February to 30 January the following year.
How many shares has Danske Bank repurchased so far?
As of week 24, Danske Bank has repurchased a total of 6,905,843 shares.
Who can I contact for more information about the buy-back program?
Interested parties can contact Claus Ingar Jensen, Head of Group Investor Relations, at +45 25 42 43 70 for more information.
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