Details on Jyske Bank's Share Repurchase Activities

Author: Caleb Price Updated: 05-19-2025 02:15 AM

Overview of Jyske Bank's Share Repurchase Programme

The share repurchase programme commenced on February 26, 2025, and is set to conclude by January 30, 2026, marking a critical initiative by Jyske Bank. During this time, the bank is committed to repurchasing shares worth up to DKK 2.25 billion. This strategic move aligns with Corporate Announcement No. 3/2025 on the programme's initiation.

Regulatory Compliance for the Share Repurchase

This share repurchase programme is designed in accordance with regulations set forth by the EU Commission. Specifically, it adheres to the Market Abuse Regulation and the Commission Delegated Regulation. These regulations serve to avert any unlawful market manipulation and to ensure the transparent execution of share buybacks.

Transaction Details Under the Programme

As part of this ongoing repurchase programme, the following transactions have taken place:

Accumulated shares prior to last report: 898,530 shares
Average purchase price: DKK 529.75
Aggregate transaction value: DKK 475,996,768

On various dates in mid-May 2025, Jyske Bank executed multiple transactions:

May 12, 2025: Acquired 2,000 shares at an average price of DKK 596.38, totaling DKK 1,192,752.
May 13, 2025: Bought 2,000 shares for DKK 594.10, amounting to DKK 1,188,190.
May 14, 2025: Purchased another 2,000 shares at DKK 599.75, with a transaction value of DKK 1,199,495.
May 15, 2025: Enacted a purchase of 2,000 shares for DKK 605.74, resulting in DKK 1,211,485.
May 16, 2025: Finalized the week with 2,000 shares at DKK 609.75, bringing the day's total to DKK 1,219,493.

Through these transactions, the overall accumulation under the programme has risen to 908,530 shares, with an average purchase price of DKK 530.54 and a total transaction value of DKK 482,008,182.

Impact of the Share Buyback on Jyske Bank

After completing these transactions, Jyske Bank will possess a total of 3,673,648 treasury shares. This figure excludes shares acquired on behalf of customers or held for trading, representing 5.72% of the bank’s share capital. The share buyback is a strategic effort aimed at enhancing shareholder value and optimizing capital structure, reflecting the bank's commitment to strong financial management.

Contact Information

If you have any questions regarding this announcement or the share repurchase programme, please reach out to: Birger Krøgh Nielsen, CFO, at tel. +45 89 89 64 44.

Frequently Asked Questions

What is the purpose of Jyske Bank's share repurchase programme?

The programme aims to enhance shareholder value by repurchasing shares, thereby optimizing the bank's capital structure.

How many shares has Jyske Bank accumulated so far?

Jyske Bank has accumulated a total of 908,530 shares under the programme.

What is the duration of the share repurchase programme?

The programme runs from February 26, 2025, until January 30, 2026.

How is compliance ensured during the share repurchase?

Jyske Bank’s share buybacks are conducted in line with EU Commission regulations designed to prevent market manipulation.

Who can I contact for more information?

You can contact Birger Krøgh Nielsen, the CFO, at +45 89 89 64 44 for any queries regarding the programme.

About The Author

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