Danske Bank Announces DKK 55 Billion Share Buy-Back Program

Purpose of the Buy-Back

* The purpose of the share buy-back is to reduce the number of outstanding shares and enhance shareholder value.

Key Details

* Danske Bank AS announced the share buy-back program on February 2, 2024. * The total amount allocated for the buy-back is DKK 55 billion. * The maximum number of shares to be repurchased is 70 million. * Ringkjøbing Landbobank has appointed Danske Bank as the lead manager for the program. * The buy-back will be carried out over a period of time and in accordance with market conditions and applicable regulations.

Rationale for the Buy-Back

* The buy-back program is part of Danske Bank's strategy to optimize its capital structure and return excess capital to shareholders. * By reducing the number of outstanding shares, the bank aims to increase the value of each share.

Impact on Shareholders

* Shareholders who sell their shares through the buy-back program will receive a premium over the prevailing market price. * The buy-back is expected to have a positive impact on the bank's earnings per share by reducing the number of shares outstanding.

Conclusion

Danske Bank's share buy-back program is a significant move that demonstrates the bank's commitment to enhancing shareholder value and optimizing its capital structure. The buy-back is expected to be completed over time, and shareholders are advised to consult with their financial advisors to determine the best course of action.