Danske Bank Share Buy-Back Programme: Week 2 Transactions
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 announcement | 26,108,596 | 201.7961 | 5,268,612,939 |
06/01/2025 | 47,188 | 203.7896 | 9,616,424 |
07/01/2025 | 25,000 | 206.5100 | 5,162,750 |
08/01/2025 | 25,000 | 206.5162 | 5,162,905 |
09/01/2025 | 32,639 | 204.9988 | 6,690,956 |
10/01/2025 | 25,000 | 208.6109 | 5,215,273 |
Total accumulated over week 2 | 154,827 | 205.7025 | 31,848,307 |
Total accumulated during the share buyback programme | 26,263,423 | 201.8191 | 5,300,461,246 |
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