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Copenhagen-based Genmab (CSE:GMAB) A/S (NASDAQ:GMAB), a leading pharmaceutical company, announced today its recent share buy-back transactions as part of its ongoing buy-back program, according to a Form 6-K filing with the U.S. Securities and Exchange Commission. The transactions took place between April 28, 2025, and May 2, 2025, under the program that was detailed in previous company announcements.
The buy-back program, which Genmab has incorporated by reference into its registration statements on Form S-8, is a common practice among publicly traded companies seeking to return value to shareholders. It can also serve to offset the dilution caused by stock option programs. The details of the specific transactions, including the number of shares bought back and the prices paid, are provided in an appendix to the filing.
The report on Form 6-K is set to be incorporated by reference into Genmab’s future registration statements, ensuring that this information will be available to investors and part of the official record for future reference.
Genmab’s decision to engage in a share buy-back program is in line with its capital allocation strategy and reflects confidence in the company’s financial health and long-term prospects. The company has not disclosed any specific reasons for the buy-backs beyond the general purpose of such programs.
Investors and analysts often view share buy-backs as a positive signal about a company’s outlook and its commitment to shareholder value. Genmab’s filing indicates that the company is actively managing its capital to benefit its shareholders.
This news comes as Genmab continues to develop and market innovative therapies in the pharmaceutical preparations sector. The company’s activities are closely watched by investors interested in the healthcare and biotechnology industries.
For more details on the share buy-back transactions, interested parties can refer to the exhibits accompanying the SEC filing. The report is based on a press release statement and does not include any forward-looking statements or subjective assessments by the company.
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