Silkeborg, 2017-03-01 08:31 CET (GLOBE NEWSWIRE) --
Jyske Bank A/S initiates a new share buy-back programme
The Supervisory Board of Jyske Bank A/S (Jyske Bank) has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 16 March 2016. The buy-back programme covers a maximum value of up to DKK 500 million in accordance with the authority granted by the Annual General Meeting on 16 March 2016 to purchase treasury shares.
The share buy-back programme runs as from 1 March 2017 and up to and including 29 September 2017. In this period, Jyske Bank will acquire shares worth up to DKK 500 million. The share buy-back programme is initiated and structured in compliance with the EU Market Abuse Regulation, the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called Safe Harbour Regulative for share buy-back programmes, which ensures that Jyske Bank is protected against violation of insider legislation in relation to the share buy-back programme.
Conditions for the share buy-back programme
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.
For further information, please contact: CFO, Birger Krøgh Nielsen, phone +45 89 89 64 44.