Jyske Bank advances stock buyback program

COPENHAGEN - Danish lender Jyske Bank has continued its share repurchase initiative, acquiring additional shares as part of its ongoing buyback program. The program, which commenced on February 26, 2025, is set to run until January 30, 2026, with the bank planning to buy back shares up to a value of 2.25 billion Danish kroner.

During the past week, Jyske Bank carried out transactions to buy back 10,000 shares at an average price ranging from 594.10 to 609.75 Danish kroner per share, resulting in a total transaction value of 6,011,415 Danish kroner. With these latest purchases, the total number of shares acquired under the program has reached 908,530, at an average price of 530.54 Danish kroner per share, amounting to a cumulative value of 482,008,182 Danish kroner.

Following the week’s transactions, Jyske Bank’s total holding of its own shares stands at 3,673,648, excluding investments on behalf of clients and trading inventory. This represents 5.72% of the company’s share capital. The transactions are part of the bank’s buyback program, which is conducted in compliance with the EU Market Abuse Regulation and the EU Commission’s delegated regulation, collectively known as the "safe harbour rules."

The detailed breakdown of the transactions, aggregated by marketplace, was attached to the bank’s announcement. This information is based on a press release statement from Jyske Bank. The bank’s Chief Financial Officer, Birger Krøgh Nielsen, is available for contact regarding this financial operation.

The share buyback program is part of Jyske Bank’s capital distribution strategy and reflects its commitment to managing capital efficiently. The bank’s actions are closely monitored by investors and market analysts, as such buyback programs can influence the bank’s share price and signal confidence in its financial health and future prospects.

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