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Danske Bank Share Buy-Back Programme: Week 2 Transactions

Published January 13, 2025

On January 13, 2025, Danske Bank A/S announced the details of its share buy-back programme, which started on February 5, 2024. This programme aims to repurchase shares worth a total of DKK 5.5 billion and includes a maximum of 70 million shares. The buy-back is set to continue until January 31, 2025, as indicated in company announcement number 2 from 2024.

The legal framework for this buy-back is based on Regulation (EU) No. 596/2014, under which the buy-back programme falls under the Safe Harbour Rules established by the European Parliament and the Council.

Transactions Made in Week 2

In the second week of the buy-back programme, several transactions were conducted. Here are the details:

Number
of shares
VWAP
DKK
Gross value
DKK
Accumulated, last announcement26,108,596201.79615,268,612,939
06/01/202547,188203.78969,616,424
07/01/202525,000206.51005,162,750
08/01/202525,000206.51625,162,905
09/01/202532,639204.99886,690,956
10/01/202525,000208.61095,215,273
Total accumulated over week 2154,827205.702531,848,307
Total accumulated during the share buyback programme26,263,423201.81915,300,461,246

After these transactions, the total number of shares acquired under the buy-back programme has reached a significant volume. Currently, this amount corresponds to 3.05% of Danske Bank A/S’s entire share capital.

Conclusion

Each transaction conducted during this week is documented in detail, in compliance with the European Commission’s regulations. This ongoing programme is part of Danske Bank's broader strategy to optimize its capital structure and enhance shareholder value.

This announcement qualifies under the disclosure obligations outlined in Section 5-12 of the Norwegian Securities Trading Act.

For further inquiries or to receive more updates, please reach out to Stefan Singh Kailay, Group Press Officer.

Danske, Bank, shares