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COPENHAGEN - Jyske Bank, a major Danish bank, has continued its share buyback program by purchasing additional shares in the first week of June. The program, which commenced on February 26, 2025, is set to run until January 30, 2026. During this period, the bank plans to acquire its own shares up to a maximum value of DKK 2.25 billion.
The transactions conducted under this program from June 2 to June 6, 2025, involved the purchase of 7,944 shares at an average price ranging between DKK 623.72 and DKK 630.53. The total transaction value for this week amounted to DKK 4,981,663. The buyback program is conducted in accordance with the Market Abuse Regulation of the EU Commission and its delegated regulation, commonly referred to as the "safe harbor rules."
Following the latest transactions, Jyske Bank holds 3,747,521 of its own shares, excluding investments on behalf of clients and trading portfolios. This represents 5.83% of the company’s share capital. Since the start of the program, a total of 982,403 shares have been bought back for a cumulative value of DKK 527,780,007.
The bank’s ongoing buyback initiative is part of a capital distribution strategy aimed at adjusting the capital structure and benefiting shareholders. Share buybacks are a common way for companies to return value to shareholders, as they can potentially increase earnings per share and the value of remaining shares.
This information is based on a press release statement from Jyske Bank. The bank has provided aggregated transaction data related to the buyback program, broken down by marketplace. For further details, Birger Krøgh Nielsen, CFO of Jyske Bank, can be contacted.
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