Key Information - Danske Bank A/S disclosed a position in Alpha Group International PLC, holding 736,723 shares, representing 1.74% of the relevant securities [1][3]. - The position was held as of May 23, 2025, and the disclosure was made on May 26, 2025 [1][14]. Positions of the Discloser - The disclosed interests include 736,723 shares of equity, amounting to 1.74% of the total relevant securities [3]. Dealings - A sale of 3,555 equity securities was executed at a price of 29.65 GBP per unit [7].

Core Points - 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] - As of week 21, a total of 64,000 shares were repurchased, amounting to a gross value of DKK 28,318,360 [2] - Cumulatively, 895,000 shares have been bought back under the programme, with a total gross value of DKK 374,860,860 [2][3] - Following these transactions, Sydbank A/S now holds a total of 895,295 own shares, representing 1.74% of the bank's share capital [3][4]

Core Viewpoint - Danske Bank has initiated a share buy-back program totaling DKK 5 billion, aiming to repurchase up to 45 million shares from February 10, 2025, to January 30, 2026 [1][2]. Group 1: Share Buy-Back Program Details - The share buy-back program is conducted in compliance with the Market Abuse Regulation and Safe Harbour Rules [2]. - As of the last announcement, Danske Bank has repurchased 6,021,965 shares at an average price of DKK 225.3747, totaling a gross value of DKK 1,357,198,355 [3]. - In week 21, the bank repurchased an additional 304,501 shares at an average price of DKK 254.8387, with a total gross value of DKK 77,598,630 [4]. Group 2: Cumulative Transactions - The total number of shares repurchased during the entire buy-back program has reached 6,326,466, representing 0.758% of Danske Bank's share capital [4].

Key Information - Danske Bank A/S disclosed a position in Alpha Group International PLC, holding 732,485 shares, representing 1.73% of the relevant securities [1][3] - The disclosure date for the position held was May 16, 2025 [1] Positions of the Discloser - The disclosed interests include 732,485 shares of equity, which corresponds to 1.73% of the total relevant securities [3] Dealings - A purchase of 390 shares of equity was made at a price of 30.95 GBP per unit [7]

Core Points - Danske Bank has initiated a share buy-back programme totaling DKK 5 billion, with a maximum of 45 million shares, scheduled from 10 February 2025 to 30 January 2026 [1][2] Group 1: Share Buy-Back Programme Details - The share buy-back programme is conducted in compliance with the Market Abuse Regulation and Safe Harbour Rules [2] - As of the last announcement, Danske Bank has accumulated 5,522,575 shares at a volume-weighted average price (VWAP) of DKK 223.4918, totaling a gross value of DKK 1,234,250,217 [3] - In week 19, a total of 250,000 shares were bought back at an average price of DKK 243.0341, amounting to a gross value of DKK 60,758,530 [4] - The total number of shares accumulated during the buy-back programme has reached 5,772,575, representing 0.679% of Danske Bank's share capital [4]

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION | (a) Full name of discloser: Danske Bank A/S | | | --- | --- | | (b) from 1(a): | Owner or controller of interests and short positions disclosed, if different | | The naming of nominee or vehicle companies is insufficient. For a trust, the | | | trustee(s), settlor and beneficiaries must be named. | | | (c) | N ...

Core Points - Danske Bank A/S has resolved to reduce its share capital by DKK 271,894,960, bringing the total nominal share capital down to DKK 8,349,951,250 [2][3] - The reduction was completed by cancelling a portion of Danske Bank's own shares, and the new total share capital corresponds to 834,995,125 shares with a nominal value of DKK 10 each [3] - The share capital reduction will not impact the ongoing share buy-back program, which will continue as previously announced [3]

Core Viewpoint - The long-standing strategy of foreign investors buying US dollars and investing in the S&P 500 and Nasdaq indices has faced significant challenges due to the recent trade war initiated by the Trump administration, leading to substantial losses in both stock and currency investments [1] Group 1: Market Performance - The S&P 500 index has declined by 6% this year, while returns for investors using euros and yen have dropped by 14% [1] - The rapid deterioration of this trading strategy has caused anxiety among foreign investors who previously viewed the US as a safe haven for returns [1] Group 2: Currency Hedging - Many foreign investors are now eager to increase currency hedging in their US stock portfolios, with current foreign investment assets in the US stock market amounting to approximately $18 trillion, nearly one-fifth of the total market capitalization [1][5] - The overall currency hedging ratio for foreign investors in US stocks is currently at 23%, significantly lower than the nearly 50% level seen in 2020 [5] Group 3: Hedging Costs and Strategies - The cost of hedging for investors based on currencies like the Swiss franc or yen is approximately 4% annualized for three-month hedges, while for euro-based investors, it exceeds 2% [6] - The demand for options trading as a hedging method has surged, with the trading volume of euro-dollar options reaching new highs, although increased volatility has also raised hedging costs by about 15% this year [7] Group 4: Market Outlook - Despite the current challenges, some market participants remain cautious about predicting the dollar's future movements, citing unpredictability in exchange rate fluctuations [11] - Analysts suggest that even a small outflow of international investment from the US could lead to significant market impacts, given that international investors hold approximately $28 trillion in US assets [11]