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Conclusion of the share buy-back programme and Implementation of share buy-back programme

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Nasdaq Copenhagen
London Stock Exchange
Euronext Dublin
Other stakeholders

Date 30.07.2021

Conclusion of the share buy-back programme and Implementation of share buy-back programme

Conclusion of the share buy-back programme

The share buy-back programme totalling DKK 255 million has now been completed and exercised to the sum of DKK 225 million. Shares were bought back in the period from 4 February 2021 up to and including 29 July 2021.

The share buy-back programme was implemented in compliance with EU Commission Regulation 596/2014 of 16 April 2014 and EU Commission Delegated Regulation 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” regulation.

The following transactions were made under the share buy-back programme in the period from the last corporate announcement and until conclusion.

Date

Number of shares

Average purchase price (DKK)

Total purchased under the programme (DKK)

Total in accordance with the last corporate announcement

351,000

619,36

217,395,851

26 July 2021

3,000

715,12

2,145,360

27 July 2021

3,000

715.03

2,145,090

28 July 2021

3,000

719.78

2,159,340

29 July 2021

1,605

712.20

1,143,081

Total under the DKK 255 million share buy-back programme



361,605



622.19



224,988,722

With the transactions stated above and after the conclusion of the share buy-back programme, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:

  • 361,605 own shares under the present, completed share buy-back programme corresponding to 1.2% of the bank’s share capital.

Cancellation of the repurchased shares will be recommended at the bank’s annual general meeting in 2022.

In accordance with the above regulation etc., the transactions related to the share buy-back programme on the stated reporting days are attached to this corporate announcement in detailed form.

Implementation of share buy-back programme

It has been decided to implement the remaining part of the share buy-back programme totalling DKK 255 million with DKK 225 million. The decision is based on the general authority which the bank’s annual general meeting of 3 March 2021 gave the bank’s board of directors to permit the bank to acquire its own shares to a total nominal value of 10% of the bank’s share capital, so that the shares can be acquired at the current listed price, plus or minus 10% at the time of acquisition.

The share buy-back programme runs from 5 August up to and including 30 September 2021 provided that the forthcoming annual general meeting. During this period the bank will buy its own shares for up to DKK 30 million under the programme, subject to a maximum of 100,000 shares.

The share buy-back programme will be implemented in compliance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) No 2016/1052 of 8 March 2016, which together constitute the Safe Harbour regulation.

The bank may suspend or stop the buy-back of shares at any time, in which event a corporate announcement will be issued.

The conditions for the share buy-back programme are as follows:

  • The purpose of the share buy-back is to adjust the bank’s capital structure.

  • Ringkjøbing Landbobank has entered into a contract with Danske Bank under which Danske Bank will act as lead manager of the programme. Danske Bank will make all trading decisions independently, without influence from Ringkjøbing Landbobank, and will purchase shares within the published limits.

  • The maximum amount that Ringkjøbing Landbobank may pay for shares purchased under the programme is DKK 30 million, while a maximum limit of 630,000 shares may be acquired.

  • Shares may not be purchased at a price exceeding the higher of (i) the price of the latest independent transaction; and (ii) the highest bid from an independent buyer on Nasdaq Copenhagen at the time of the transaction.

  • The total number of shares that may be purchased on a single trading day may not exceed 25% of the average daily traded volume over the preceding 20 trading days on Nasdaq Copenhagen.

  • Ringkjøbing Landbobank will announce the number of purchased shares, as well as their value, on a weekly basis in a separate announcement to Nasdaq Copenhagen, in both aggregated and detailed forms.

Kinds regards,

Ringkjøbing Landbobank

John Fisker
CEO

Detailed summary of the transactions on the above reporting days

Volume

Price

Venue

Time CET

3

709

XCSE

20210726 9:23:05.342000

30

705

XCSE

20210726 9:27:39.999000

9

705

XCSE

20210726 9:27:39.999000

42

705

XCSE

20210726 9:34:29.581000

169

705

XCSE

20210726 9:34:29.581000

20

705

XCSE

20210726 9:36:21.325000

72

708

XCSE

20210726 10:02:27.824000

100

708

XCSE

20210726 10:02:27.824000

64

707

XCSE

20210726 10:04:08.593000

37

708

XCSE

20210726 10:21:03.012000

133

712

XCSE

20210726 11:26:28.468000

92

712

XCSE

20210726 11:26:28.486000

60

715

XCSE

20210726 13:00:10.568000

42

716

XCSE

20210726 14:32:54.019000

24

717

XCSE

20210726 14:55:46.871557

14

717

XCSE

20210726 14:55:46.871557

78

717

XCSE

20210726 14:55:46.871557

37

717

XCSE

20210726 14:55:46.871557

45

717

XCSE

20210726 14:55:46.891732

21

717

XCSE

20210726 14:55:46.987574

24

717

XCSE

20210726 15:29:50.026508

7

717

XCSE

20210726 15:29:50.037747

1500

719

XCSE

20210726 15:51:03.465330

177

715

XCSE

20210726 16:17:50.962161

4

711

XCSE

20210726 16:33:49.471454

196

711

XCSE

20210726 16:33:49.471491

26

711

XCSE

20210727 9:05:11.667000

13

711

XCSE

20210727 9:05:12.735000

39

709

XCSE

20210727 9:09:03.688000

19

707

XCSE

20210727 9:40:07.204670

51

710

XCSE

20210727 10:20:53.578000

91

715

XCSE

20210727 11:04:01.025000

10

715

XCSE

20210727 11:04:01.025000

17

715

XCSE

20210727 11:04:01.025000

91

715

XCSE

20210727 11:04:01.042000

59

715

XCSE

20210727 11:04:01.042000

91

715

XCSE

20210727 11:04:01.043000

35

715

XCSE

20210727 11:04:01.044000

12

716

XCSE

20210727 11:11:20.524000

46

716

XCSE

20210727 11:14:15.138000

17

716

XCSE

20210727 11:14:15.158000

58

716

XCSE

20210727 11:14:15.158000

46

716

XCSE

20210727 12:07:45.681000

27

715

XCSE

20210727 12:32:38.209000

12

715

XCSE

20210727 13:03:05.092000

30

715

XCSE

20210727 13:03:05.092871

16

715

XCSE

20210727 13:07:56.789000

39

715

XCSE

20210727 13:07:56.789000

170

715

XCSE

20210727 13:07:56.789969

39

715

XCSE

20210727 13:51:20.592000

17

715

XCSE

20210727 13:51:20.592000

23

715

XCSE

20210727 13:51:20.595000

50

714

XCSE

20210727 13:56:12.724000

17

714

XCSE

20210727 13:56:12.724000

12

714

XCSE

20210727 13:56:12.725000

5

714

XCSE

20210727 13:56:12.725000

17

714

XCSE

20210727 13:56:12.745000

33

714

XCSE

20210727 14:00:23.064000

67

714

XCSE

20210727 14:25:46.530000

53

714

XCSE

20210727 14:25:46.530000

78

714

XCSE

20210727 14:25:46.530842

193

714

XCSE

20210727 14:25:46.530842

5

714

XCSE

20210727 14:25:46.640994

49

714

XCSE

20210727 14:25:47.734063

22

714

XCSE

20210727 14:25:47.734120

2

714

XCSE

20210727 14:25:52.604898

12

715

XCSE

20210727 15:27:35.120000

4

715

XCSE

20210727 15:27:42.071000

4

715

XCSE

20210727 15:27:53.121000

4

715

XCSE

20210727 15:28:04.132000

4

715

XCSE

20210727 15:28:35.192000

22

715

XCSE

20210727 15:29:00.329000

4

715

XCSE

20210727 15:29:01.121953

50

715

XCSE

20210727 15:30:21.567000

43

715

XCSE

20210727 15:30:21.567000

7

715

XCSE

20210727 15:30:21.567000

40

715

XCSE

20210727 15:30:21.567000

181

715

XCSE

20210727 15:30:21.567418

196

715

XCSE

20210727 15:30:21.567418

23

714

XCSE

20210727 15:30:21.607598

20

714

XCSE

20210727 15:30:21.607652

2

714

XCSE

20210727 15:59:08.920109

2

714

XCSE

20210727 16:03:30.154591

155

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

10

717

XCSE

20210727 16:45:22.656733

33

717

XCSE

20210727 16:45:22.656733

23

717

XCSE

20210727 16:45:22.656733

93

717

XCSE

20210727 16:45:22.656733

41

717

XCSE

20210727 16:45:22.656733

15

717

XCSE

20210728 9:04:33.126000

23

717

XCSE

20210728 9:04:33.126000

12

718

XCSE

20210728 9:16:06.416000

30

718

XCSE

20210728 9:16:06.416000

44

717

XCSE

20210728 9:38:02.797000

72

715

XCSE

20210728 9:38:07.459000

58

715

XCSE

20210728 9:38:07.459000

43

722

XCSE

20210728 10:10:38.798000

129

721

XCSE

20210728 10:16:19.884000

13

721

XCSE

20210728 10:16:19.903000

39

723

XCSE

20210728 11:48:59.002000

29

723

XCSE

20210728 12:14:52.610000

160

723

XCSE

20210728 12:14:52.610000

16

722

XCSE

20210728 13:37:29.123000

45

722

XCSE

20210728 14:27:45.480000

18

722

XCSE

20210728 14:27:45.502000

24

722

XCSE

20210728 14:27:45.502000

250

722

XCSE

20210728 14:27:45.502035

55

722

XCSE

20210728 14:27:45.522000

52

722

XCSE

20210728 14:27:45.524000

48

721

XCSE

20210728 14:27:45.549645

88

721

XCSE

20210728 14:27:54.293683

114

721

XCSE

20210728 14:27:54.293714

163

720

XCSE

20210728 14:30:00.758000

50

720

XCSE

20210728 14:30:00.758000

50

720

XCSE

20210728 14:30:00.758000

85

720

XCSE

20210728 14:30:00.758000

13

720

XCSE

20210728 14:30:00.758000

250

720

XCSE

20210728 14:30:00.758400

28

720

XCSE

20210728 15:05:02.952000

15

720

XCSE

20210728 15:05:02.952000

23

719

XCSE

20210728 15:09:13.964000

20

719

XCSE

20210728 15:10:42.477000

45

719

XCSE

20210728 15:25:49.765000

49

719

XCSE

20210728 15:25:49.765991

201

719

XCSE

20210728 15:25:49.766032

71

718

XCSE

20210728 15:30:11.438000

150

718

XCSE

20210728 16:06:59.189373

260

718

XCSE

20210728 16:12:11.974702

51

717

XCSE

20210728 16:35:14.210613

97

717

XCSE

20210728 16:38:30.980751

2

717

XCSE

20210728 16:38:30.980778

3

719

XCSE

20210729 9:04:06.778000

16

718

XCSE

20210729 9:19:42.677000

29

718

XCSE

20210729 9:25:19.323000

36

717

XCSE

20210729 9:26:56.989000

200

715

XCSE

20210729 9:26:59.058019

30

716

XCSE

20210729 9:49:26.245000

36

716

XCSE

20210729 9:49:26.245000

11

714

XCSE

20210729 10:08:48.355000

50

714

XCSE

20210729 10:08:55.968000

36

714

XCSE

20210729 10:26:11.725000

5

712

XCSE

20210729 10:57:27.886000

31

712

XCSE

20210729 11:33:11.365000

84

711

XCSE

20210729 11:55:13.609000

150

711

XCSE

20210729 11:55:13.609566

38

708

XCSE

20210729 12:02:16.173000

3

710

XCSE

20210729 12:43:28.599000

44

710

XCSE

20210729 12:47:20.891000

29

710

XCSE

20210729 13:00:52.640000

47

711

XCSE

20210729 13:24:14.942649

131

711

XCSE

20210729 13:24:14.942667

199

711

XCSE

20210729 13:24:14.942676

203

711

XCSE

20210729 13:24:14.942678

63

711

XCSE

20210729 13:24:14.942694

3

711

XCSE

20210729 13:24:15.572194

2

711

XCSE

20210729 13:24:30.590318

14

711

XCSE

20210729 13:24:30.590378

7

711

XCSE

20210729 13:24:30.612847

54

712

XCSE

20210729 13:29:50.458277

34

712

XCSE

20210729 13:29:50.458277

12

712

XCSE

20210729 13:29:50.458277

5

712

XCSE

20210729 14:26:37.747098

Attachment


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