Schouw & Co. had used nearly all of its 2026 share-buyback limit by Oct. 30, after spending DKK 3.4 million on repurchases during the final week of October.
The company said it acquired 4,070 shares for DKK 3,399,154 between Oct. 26 and 30. Purchases averaged DKK 835.17 per share across the period. Activity ranged from 750 shares on Oct. 26 to 830 shares each day from Oct. 27 through Oct. 30; average prices on those later sessions were DKK 831.08, DKK 834.00, DKK 835.92 and DKK 829.00, respectively.
By Oct. 30, total repurchases in the current program stood at 561,611 shares, acquired for DKK 406,464,734, at a cumulative average of DKK 723.75 each. The total was just below the program’s DKK 410 million ceiling.
Schouw held 2,859,404 shares in treasury after the latest purchases. That represented 11.44% of its total share capital, which is divided into 25 million shares.
The program began Jan. 2 with a DKK 240 million limit. On Aug. 14, the board approved an increase of up to DKK 170 million, bringing the maximum to DKK 410 million. The authorization covers purchases through Dec. 31, 2026.
The 2026 program replaced an earlier buyback that the company said had been completed Dec. 12, 2025. Schouw said its April 10, 2025, annual general meeting authorized the board to acquire treasury shares; the board later established the 2026 program under that authorization.
The company said the buyback is intended to shrink its share capital. Nordea is the lead manager and makes trading decisions independently of Schouw. The company plans to report transactions weekly, though its week 44 announcement did not specify a date for the next update. Schouw said the purchases follow the EU’s market-abuse and safe-harbor framework.
