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COPENHAGEN - Jyske Bank, a major Danish financial institution, has been actively purchasing its own shares as part of an ongoing buyback program initiated earlier this year. The bank has disclosed recent transactions executed under this scheme, which is set to continue until January 30, 2026.
The share buyback program, announced on February 26, 2025, allows for the acquisition of shares up to a maximum value of 2.25 billion Danish kroner. This initiative is being conducted in accordance with the Market Abuse Regulation of the European Union and its associated safe harbor rules.
During the past week, Jyske Bank carried out several transactions involving the purchase of its shares. On Thursday, the bank bought 1,000 shares at an average price of 624.51 kroner each, and on Friday, it acquired 1,993 shares at an average of 621.08 kroner. The buying continued on Saturday with 2,000 shares at an average price of 616.25 kroner. These transactions add to the total shares bought back under the program, which now amount to 974,459 shares at an average price of 536.50 kroner, totaling approximately 522.8 million kroner.
Following the latest transactions, Jyske Bank’s own shareholding stands at 3,739,577 shares, excluding investments on behalf of clients and trading inventories. This represents about 5.82% of the company’s share capital.
The bank’s commitment to repurchasing its shares is a financial strategy that can reflect confidence in its own economic health and future prospects. Share buybacks are often used by companies to return value to shareholders, as reducing the number of outstanding shares can increase earnings per share and potentially boost the stock price.
This information is based on a press release statement from Jyske Bank and the aggregated data on the transactions have been provided, broken down by marketplace. The bank’s Chief Financial Officer, Birger Krøgh Nielsen, is the point of contact for further inquiries.
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