Why does Danske Bank buy back shares and what happens to repurchased shares?
Danske Bank uses share repurchases to manage the amount of its shareholders’ funds. If shareholders’ funds exceed the target after the payment of dividends, the Bank considers a buyback. Shares repurchased are cancelled. In practice, this takes place some three months after the decision is taken at the annual general meeting.
Danske Bank uses share repurchases to manage the amount of its shareholders’ funds. If shareholders’ funds exceed the target after the payment of dividends, the Bank considers a buyback. Shares repurchased are cancelled. In practice, this takes place some three months after the decision is taken at the annual general meeting.
