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Tornator secures €450 million bank loan financing arrangement to refinance debt maturing in 2026 and to strengthen investment capacity
Globenewswire· 2025-09-19 13:00
Financing Arrangement - Tornator Oyj has secured a €450 million bank loan financing arrangement to refinance debt maturing in 2026 and to enhance its investment capacity [1][2] - The financing includes a €200 million term loan with a five-year maturity and a €250 million term loan with a longer availability period, alongside a €200 million undrawn secured revolving credit facility [2] Debt Management - The €200 million term loan will be utilized for early prepayment of a €50 million bank loan maturing in June 2026 and to repay commercial papers related to forest asset acquisitions [1] - The €250 million term loan and the €200 million RCF will ensure the repayment of a €350 million green bond maturing in October 2026, with a maturity for these loans set in 2029 [2] Company Overview - Tornator is a leader in sustainable forestry in Europe, owning forests in Finland, Estonia, and Romania, with a turnover of approximately €213 million in 2024 and a balance sheet value of about €3.8 billion [4] - The company employs around 190 people directly, with a total of approximately 1,600 full-time equivalents (FTE) when including other companies working on its forestland [4] - Tornator's ownership primarily consists of Finnish institutional investors, and its mission focuses on generating sustainable well-being from forests [4] Credit Rating - Moody's has assigned a Baa3 senior secured rating to Tornator with a stable outlook [3]
Sydbank A/S share buyback programme: transactions in week 37
Globenewswire· 2025-09-15 10:09
Group 1 - Sydbank A/S announced a share buyback programme of DKK 1,350 million, which commenced on 3 March 2025 and is set to be completed by 31 January 2026 [1][2] - The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S, executed in compliance with EU regulations [2] - As of week 37, a total of 73,000 shares were repurchased, with a gross value of DKK 35,635,800 [2] - The total accumulated shares repurchased during the programme reached 1,769,000, with a gross value of DKK 792,985,560 [2][3] - Following the transactions, Sydbank A/S holds a total of 1,802,723 own shares, representing 3.52% of the bank's share capital [3][4]
Sydbank A/S share buyback programme: transactions in week 35
Globenewswire· 2025-09-01 09:28
Group 1 - Sydbank A/S has initiated a share buyback programme amounting to DKK 1,350 million, which started on 3 March 2025 and is set to conclude by 31 January 2026 [1][2] - The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S, adhering to the Safe Harbour rules as per EU regulations [2] - In week 35, Sydbank A/S repurchased a total of 70,000 shares, with a gross value of DKK 35,544,320 [2][4] Group 2 - As of the latest announcement, Sydbank A/S has accumulated a total of 1,625,000 shares repurchased under the programme, with a total gross value of DKK 722,723,730 [2][4] - Following the transactions, Sydbank A/S holds a total of 1,643,923 own shares, representing 3.21% of the bank's share capital [4][5]
Launch of share buy-back program of up to DKK 300m
Globenewswire· 2025-08-26 15:35
Core Viewpoint - Royal Unibrew A/S has announced a share buy-back program with a total value of up to DKK 300 million to adjust its capital structure [1][2]. Group 1: Share Buy-Back Program Details - The share buy-back program is authorized by the Board of Directors as per the Annual General Meeting held on April 30, 2024, allowing the company to acquire treasury shares up to 10% of its share capital [3]. - The program will commence on August 27, 2025, and conclude no later than December 19, 2025, with a maximum market value of DKK 300 million, equating to approximately 0.63 million shares or about 1.3% of the share capital based on the share price as of August 25, 2025 [4]. - Danske Bank A/S has been appointed as the Lead Manager to handle the share buy-back, making independent trading decisions without involving Royal Unibrew [5]. Group 2: Execution and Conditions - The shares bought back daily will not exceed 25% of the average trading volume over the preceding 20 trading days [5]. - The company will not purchase shares at a price exceeding the higher of the latest independent transaction price or the highest independent bid on Nasdaq Copenhagen A/S [6][8]. - Royal Unibrew reserves the right to suspend the buy-back program in case of significant changes in the company's circumstances or market conditions, with announcements to be made accordingly [6]. Group 3: Reporting - The company will provide weekly announcements detailing the number of shares bought back and their value [7].
Launch of share buyback programme
Globenewswire· 2025-08-14 05:31
Core Viewpoint - Netcompany Group A/S has announced a share buyback programme of up to DKK 500 million to adjust its capital structure and fulfill obligations related to share-based incentive programmes [1] Group 1: Share Buyback Programme Details - The share buyback programme will conclude no later than 30 January 2026 [2] - The programme will be executed in compliance with EU Market Abuse Regulation and related provisions [2][3] - Danske Bank A/S has been appointed as the lead manager for the share buyback programme, making independent trading decisions on behalf of Netcompany [3] Group 2: Terms and Conditions - The maximum total consideration for shares bought back is set at DKK 500 million, with a maximum of 3,700,000 shares to be repurchased [6] - The maximum number of shares that can be purchased per daily market session is limited to 25% of the average daily trading volume over the preceding 20 trading days [6] - Shares cannot be repurchased at a price exceeding the higher of the last independent transaction price or the highest independent bid on Nasdaq Copenhagen A/S [6] Group 3: Current Holdings - As of the announcement date, Netcompany holds 369,510 treasury shares, which is equivalent to 0.8% of the total share capital [4]
Sydbank A/S share buyback programme: transactions in week 31
Globenewswire· 2025-08-04 07:56
Group 1 - The core purpose of the share buyback programme is to reduce the share capital of Sydbank A/S, which was announced on 26 February 2025 with a total value of DKK 1,350 million [1][2] - The share buyback programme commenced on 3 March 2025 and is scheduled to be completed by 31 January 2026 [1] - As of week 31, a total of 60,000 shares were repurchased, bringing the accumulated total to 1,403,000 shares, with a gross value of DKK 608,802,980 [2][3] Group 2 - The transactions were executed in compliance with the Safe Harbour rules as per Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052 [2] - The average price per share for the transactions in week 31 ranged from DKK 478.02 to DKK 486.43, with a total gross value of DKK 28,901,160 for that week [2] - Following the transactions, Sydbank A/S holds a total of 1,407,316 own shares, which is equivalent to 2.74% of the Bank's share capital [3]
Form 8.3 - [Alpha Group International]
Globenewswire· 2025-08-01 12:33
Key Information - Danske Bank A/S disclosed a position in Alpha Group International PLC, holding 409,244 relevant securities, representing 0.97% of the total [1][3] - The position was held as of July 31, 2025, and the disclosure was made on August 1, 2025 [1][14] Positions - The disclosed interests include 409,244 equity securities owned, which corresponds to 0.97% of the relevant securities [3] Dealings - Danske Bank A/S sold 296,258 equity securities at a price of 41.61 GBP per unit [7]
Sydbank A/S share buyback programme: transactions in week 29
Globenewswire· 2025-07-21 08:54
Core Viewpoint - Sydbank A/S has initiated a share buyback program amounting to DKK 1,350 million, aimed at reducing its share capital, which commenced on March 3, 2025, and is set to conclude by January 31, 2026 [1][2]. Group 1: Share Buyback Program Details - The share buyback program is executed in compliance with the Safe Harbour rules as per EU regulations [2]. - As of the latest report, a total of 1,238,000 shares have been repurchased, with a gross value of DKK 529,848,260 [2]. - In week 29, 50,000 shares were bought back, with a total gross value of DKK 23,987,300 [2]. - The accumulated total of shares repurchased during the program stands at 1,288,000, with a total gross value of DKK 553,835,560 [2]. Group 2: Current Holdings - Following the transactions, Sydbank A/S now holds a total of 1,288,593 own shares, which represents 2.51% of the bank's share capital [4][5].
Danske Bank share buy-back programme: transactions in week 28
Globenewswire· 2025-07-14 08:00
Core Points - Danske Bank announced a share buy-back programme totaling DKK 5 billion, with a maximum of 45 million shares, running from 10 February 2025 to 30 January 2026 [1][2] - The share buy-back programme is conducted in compliance with the Market Abuse Regulation and Safe Harbour Rules [2] Transactions Summary - In week 28, Danske Bank executed the following transactions on Nasdaq Copenhagen A/S: - Accumulated shares before week 28: 8,039,780 shares at a VWAP of DKK 233.1745, totaling DKK 1,874,672,016 [3] - Transactions during week 28 included: - 07 July 2025: 90,000 shares at DKK 260.5713, gross value DKK 23,451,417 - 08 July 2025: 90,000 shares at DKK 260.3560, gross value DKK 23,432,040 - 09 July 2025: 100,000 shares at DKK 263.1413, gross value DKK 26,314,130 - 10 July 2025: 94,306 shares at DKK 264.8682, gross value DKK 24,978,660 - 11 July 2025: 68,744 shares at DKK 261.4498, gross value DKK 17,973,105 [3][4] - Total shares bought back in week 28 amounted to 443,050 shares at a VWAP of DKK 262.1586, with a gross value of DKK 116,149,353 [4] - Cumulatively, the total number of shares repurchased under the programme reached 8,482,830 shares, representing 1.016% of Danske Bank's share capital [4]
Tryg A/S (TGVSF) Q2 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-07-11 13:04
Financial Highlights - The company reported an insurance service result exceeding DKK 2.3 billion in Q2, supported by a strong combined ratio of 77.2% [3] - An accounting change for the inflation hedge led to a restatement of quarterly figures for 2024, primarily affecting the runoff result negatively and the investment result positively [3]