Alm. Brand A/S Announces Share Buyback Program of Up to DKK 835.2 Million.

Alm. Brand A/S announced a share buy-back program of up to DKK 835.2 million on March 5, 2025. During week 24, the company purchased 750,000 shares at an average price of DKK 16.40, totaling DKK 12.3 million. The accumulated number of shares bought under the program is now 15,670,000, representing 7.01% of the total outstanding shares.

Alm. Brand A/S, a leading provider of non-life insurance products and services in Denmark, recently announced a significant share buy-back program. On March 5, 2025, the company initiated a buy-back program worth up to DKK 835.2 million, as detailed in their company announcement [1]. This program is conducted in compliance with the Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also known as the Safe Harbour Regulations [2].

During week 24, Alm. Brand A/S executed transactions under this program, purchasing 750,000 shares at an average price of DKK 16.40. The total amount spent on these transactions was DKK 12.3 million. These purchases increased the company's total accumulated shares bought under the program to 15,670,000, representing 7.01% of the total outstanding shares [2].

The latest transactions bring the total number of shares owned by Alm. Brand A/S to 107,309,584, which is 6.96% of the total number of outstanding shares [2]. This significant increase in share ownership can have several implications for the company's financial health and stock performance.

While the share buy-back program can signal confidence in the company's future prospects, it is essential to consider the broader market conditions and other recent developments. On June 13, 2025, Alm. Brand A/S stock was downgraded from Hold/Accumulate to Sell Candidate [3]. This downgrade was attributed to a decline in stock price and an increase in trading volume, indicating potential market concerns.

Investors should closely monitor Alm. Brand A/S's financial performance and stock market behavior. The company's latest earnings report and upcoming dividend announcement may provide further insights into its financial health. Additionally, the recent board changes and initiatives aimed at improving profitability should be considered in the overall assessment of the company's prospects [4].

References:
[1] https://finance.yahoo.com/news/alm-brand-weekly-report-share-083000442.html
[2] https://www.marketscreener.com/quote/stock/ALM-BRAND-A-S-1412845/news/Alm-Brand-A-S-Weekly-report-on-share-buybacks-50199368/
[3] https://stockinvest.us/stock/ALMB.CO
[4] https://simplywall.st/stocks/dk/insurance/cph-almb/alm-brand-shares