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COPENHAGEN - Jyske Bank, one of Denmark’s largest banks, has acquired additional shares as part of its ongoing share buyback program, nearing ownership of 5.55% of its own shares. The program, which commenced on February 26, 2025, is set to run until January 30, 2026, with the bank planning to purchase shares up to a maximum value of 2.25 billion Danish kroner.
During the 17th week of the program, Jyske Bank executed several transactions, adding a total of 54,588 shares to its holdings at an average purchase price of 525.74 Danish kroner per share. These transactions amount to a total value of approximately 28.7 million Danish kroner.
As a result of the recent acquisitions, Jyske Bank now holds 3,567,392 of its own shares, excluding investments on behalf of clients and trading inventory, which corresponds to 5.55% of the company’s share capital. The buyback program is being conducted under the European Union’s Market Abuse Regulation (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also known as the "safe harbor rules."
The bank’s share buyback initiative is a common corporate action where a company purchases its own shares from the marketplace, reducing the amount of outstanding shares. This can often lead to an increase in the value of remaining shares due to the reduced supply and can also reflect the management’s belief that the company’s shares are undervalued.
The detailed transactions related to the buyback program have been disclosed and aggregated by market place as per regulatory requirements. The bank’s Chief Financial Officer, Birger Krøgh Nielsen, can be contacted for further information.
This report is based on a press release statement from Jyske Bank, and it provides an overview of the bank’s recent share buyback transactions as part of its ongoing program.
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