Copenhagen Stock Exchange – Focus: Share Repurchases At Danske Bank

Over the past couple of years, the listed companies have steadily sharpened their focus on how the year’s return should be distributed to the shareholders.

In Focus no. 98, Tonny Thierry Andersen, CFO in Danske Bank, writes about the considerations that companies should make when composing their future distribution policies.

Distribution takes place via dividend payments and share repurchases, and the most significant differences between the two methods may be ascribed to: Legal factors, tax factors, transaction costs and shareholder composition.

The article particularly focuses on the considerations made by Danske Bank in connection with its share repurchases and its composition of their distribution to the shareholders.

Read more about ‘Share repurchases at Danske Bank’ in Focus no. 98 at www.cse.dk. Questions to the author may be sent to the e-mail address info@cse.dk until 3 March 2005.