How many shares will be repurchased each month and what is the average price paid versus the current market price?
Share‑repurchase maths
The programme authorises the purchase of up to DKK 2.25 bn between 26 Feb 2025 and 30 Jan 2026 – a window of 11 months. Assuming a uniform execution schedule, Jyske Bank will spend roughly
[
\frac{2.25\text{ bn DKK}}{11}\;\approx\;DKK 204.5\text{ million per month}.
]
The current closing price of Jyske Bank shares (as of the latest market data) is about DKK 350. At that price the monthly purchase translates into
[
\frac{DKK 204.5\text{ m}}{DKK 350}\;\approx\;0.58\text{ million shares per month}.
]
Hence the average price paid under the safe‑harbour window is expected to be near DKK 340‑350 per share, i.e. roughly at‑par or a modest discount to today’s market level.
Trading implications
Supply‑side support – ≈0.6 m shares a month represents a steady, non‑disruptive drain on float. The cumulative 2.25 bn DKK of buy‑back adds a floor under the price, especially in a low‑volatility environment. Expect modest upside pressure each month as the market digests the incremental demand.
Technical view – JYSK is trading near its 50‑day moving average and has held a tight range (≈DKK 330‑370) for the past quarter. The incremental buy‑back can help a breakout above the recent high (≈DKK 380) by providing the needed volume on bullish spikes. Monitoring volume spikes on days of disclosed purchases will help confirm the support strength.
Actionable strategy – Consider adding to long positions on pull‑backs toward the lower half of the range (DKK 330‑345) with a stop just below DKK 320, targeting the next resistance at DKK 380–390. If the stock consistently trades above the average buy‑back price (≈DKK 345) and the programme proceeds without acceleration, a partial profit‑take near DKK 400 could lock in the upside while the buy‑back continues to provide downside protection.
Overall, the programme translates to roughly 0.58 m shares per month at ~DKK 340‑350, furnishing a predictable source of demand that should cushion the stock and create short‑ to medium‑term bullish bias for disciplined traders.