Skip to main content

Jyske Bank raises the ongoing share repurchase programme with DKK 1bn

Written by Customer Service on . Posted in Public Companies.

With effect as of 1 February 2022, Jyske Bank raises the ongoing share repurchase programme with DKK 1bn, running until 29 July 2022 at the latest. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”. The outstanding part of the ongoing programme amounts to DKK 198m.

At the end of 2021, the Jyske Bank Group’s capital ratio was 22.8%, and the common equity tier 1 capital ratio was 18.2%. The effect from the new share repurchase programme will be a deduction of 0.5 percentage point, which will be recognised in the first quarter of 2022. By comparison, the Jyske Bank Group aims for a capital ratio of 20%-22% and a common equity tier 1 capital ratio of 15%-17%.

Terms and conditions of the share repurchase programme

  • The purpose of the share repurchase programme is to adjust the company’s capital structure.
  • Jyske Bank will enter into a contract with a financial adviser which will independently of and without influence from Jyske Bank handle all purchase decisions and execute the share repurhcase within the framework published. Jyske Bank has appointed Citibank as financial adviser and lead manager for the share repurchase.
  • The shares cannot be purchased at prices exceeding the higher of (i) the price of the latest independent trade and (ii) the price of the highest independent bid on Nasdaq Copenhagen at the time of the transaction.
  • The total number of shares that may be purchased on a single trading day may not exceed 25% of the average daily trading volume over the preceding 20 trading days on Nasdaq Copenhagen.
  • Jyske Bank will announce the number of purchased shares, as well as the value on a weekly basis in a separate announcement to Nasdaq Copenhagen, both in an aggregated and a detailed form.

Yours faithfully,                           
Jyske Bank

Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.