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COPENHAGEN - Jyske Bank has continued its share buyback program, purchasing shares as part of a plan announced earlier this year. The program, which started on February 26, 2025, is set to run until January 30, 2026, with the bank acquiring its own shares up to a maximum value of 2.25 billion Danish kroner.
During the past week, Jyske Bank carried out transactions under this program, buying back shares at varying prices. On Monday, the bank purchased 12,411 shares at an average price of 554.78 DKK, while on Tuesday, 18,964 shares were acquired at an average of 552.00 DKK. The transactions continued throughout the week with smaller volumes, culminating in a total of 898,530 shares bought back under the program to date, at an average price of 529.75 DKK per share.
Following the latest transactions, Jyske Bank now owns 3,663,648 of its own shares, excluding investments on behalf of clients and trading inventories. This represents 5.70% of the company’s share capital.
The buyback program is being conducted in accordance with the Market Abuse Regulation of the European Union and the delegated acts under it, which provide a "safe harbor" for such activities.
The transactions have been split by marketplace and aggregated information related to the share buyback program has been provided in the attached announcement from the bank.
This move is part of the bank’s capital allocation strategy and reflects its ongoing efforts to manage its capital structure efficiently. As with all share buyback programs, it serves as a mechanism to return value to shareholders and potentially support the share price.
It should be noted that this information is based on a press release statement from Jyske Bank. The bank’s Chief Financial Officer, Birger Krøgh Nielsen, can be contacted for further details.
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