Share Repurchase Programme: Transactions in Week 9, 2025

In the dynamic world of finance, companies are constantly seeking ways to optimize their capital structures and enhance shareholder value. One popular strategy is the share repurchase programme, where companies buy back their own shares from the market. This article delves into the transactions that took place during week 9 of 2025, providing insights into the motivations behind these programmes and their potential impact on the companies involved.

Motivations and Objectives

The primary motivations behind the share repurchase programme in week 9 of 2025 are not explicitly stated in the provided material. However, based on the information given, we can infer that the company is repurchasing shares to reduce its share capital and provide shares for regular management and employee share programs. This aligns with the company's long-term objectives of reducing share capital and providing shares for management and employee share programs. The share repurchase programme is expected to be completed by the end of April 2025, and it is being accomplished under the authorization granted by the Annual General Meeting of the Company on April 13, 2023, and the authorization of April 12, 2024. The execution of the share repurchase program is done under the terms of an engagement letter with a third party, performed in compliance with the safe harbor provisions for share repurchases.



Comparison with Previous Programmes

Comparing the share repurchase programme in week 9 of 2025 to previous programmes, we can observe the following:

1. Scale: The scale of the programme in week 9 of 2025 is significant, with a total value of DKK 2.25 billion. This is larger than the programmes executed in 2023 and 2024, which had total volumes of €722mn and DKK 6,980,425, respectively.
2. Frequency: The frequency of the programme in week 9 of 2025 is not explicitly stated, but it is likely to be a one-time event, as it is a specific programme with a defined start and end date. In contrast, the programmes executed in 2023 and 2024 were ongoing, with shares repurchased over multiple weeks.
3. Purpose: The purpose of the share repurchase programme in week 9 of 2025 is to reduce the share capital of the company. This aligns with the purpose of previous programmes, which were also aimed at reducing the share capital of the respective companies. However, the programme in week 9 of 2025 may also have additional purposes, such as supporting the share price during periods of economic uncertainty or market volatility, as mentioned in the provided materials.



Expected Impact

Based on the information provided, the share repurchase programme is expected to have a positive impact on the company's share price, earnings per share (EPS), and overall market capitalization. Here's how:

1. Share Price: Share repurchases reduce the number of outstanding shares, which can increase the demand for the remaining shares, driving up the share price.
2. Earnings per Share (EPS): By reducing the number of outstanding shares, share repurchases also increase earnings per share. This is because earnings are distributed over fewer shares, leading to a higher EPS.
3. Market Capitalization: Share repurchases can also increase the company's market capitalization. Market capitalization is calculated by multiplying the share price by the number of outstanding shares. By reducing the number of outstanding shares, the share price can increase, leading to an overall increase in market capitalization.



In conclusion, the share repurchase programme in week 9 of 2025 is a significant event that can have a positive impact on the company's share price, earnings per share, and overall market capitalization. By reducing the number of outstanding shares and increasing demand for the remaining shares, the programme can enhance shareholder value and support the company's long-term objectives. As investors, it is essential to stay informed about such programmes and their potential implications for the companies involved.