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ALM. Brand A/S (ALMB.CO)

ALMB.CO on Copenhagen Stock Exchange

56.50DKK
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Latest Key Developments (Source: Significant Developments)

Alm. Brand launches share buyback programme of up to DKK 300 mln
Monday, 24 Apr 2017 08:43am EDT 

April 24 (Reuters) - ALM.BRAND A/S :ALM. BRAND – LAUNCH OF SHARE BUYBACK PROGRAMME OF UP TO DKK 300 MILLION.SHARE BUYBACK PROGRAMME IS EXPECTED TO BE COMPLETED IN PERIOD FROM 24 APRIL 2017 UNTIL END OF MARCH 2018..LAUNCHES SHARE BUYBACK PROGRAMME OF UP TO DKK 300 MILLION.AT CURRENT PRICE, THIS CORRESPONDS TO A BUYBACK OF SOME 5.1 MILLION SHARES.  Full Article

Alm. Brand appoints Rasmus Werner Nielsen new CFO
Monday, 3 Apr 2017 05:31am EDT 

ALM. BRAND A/S : ALM. BRAND - NEW CFO APPOINTED . APPOINTED RASMUS WERNER NIELSEN AS ITS NEW CFO. . NIELSEN HAS SERVED AS CFO OF NORDEA BANK DENMARK AND HEAD OF GROUP BUSINESS CONTROL & REPORTING OF NORDEA GROUP. .RASMUS WERNER NIELSEN WILL TAKE UP POSITION ON 1 JULY 2017.  Full Article

Alm. Brand FY pre-tax profit grows to DKK 1.03 billion
Wednesday, 1 Mar 2017 02:29am EST 

Alm. Brand A/S : FY total income 7.49 billion Danish crowns ($1.06 billion) versus 7.60 billion crowns year ago . FY pre-tax profit 1.03 billion crowns versus 645 million crowns year ago . For 2017 expects a pre-tax profit of 450-550 million crowns and a break-even result of bank's winding-up activities . Board of directors recommends distribution of an ordinary dividend of 1.50 crown per share and an extraordinary dividend of 3.50 crowns per share .Initiation of a new share buyback programme of up to 300 million crowns.  Full Article

Alm. Brand CFO resigns
Wednesday, 1 Feb 2017 04:05am EST 

Alm. Brand A/S : CFO Anne Mette Barfod has resigned from her position to take on a similar role with the Danish Refugee Council . Barfod will continue as CFO until March 31, 2017 .Recruiting process to find a new CFO has been initiated.  Full Article

ALM. Brand Bank: repayment of additional tier 1 capital and raising of subordinated loan
Thursday, 22 Dec 2016 08:58am EST 

ALM. Brand A/S : ALM. Brand Bank - repayment of additional tier 1 capital and raising of subordinated loan . Received permission from Danish FSA to repay bank's additional tier 1 capital of 175,000,000 Danish crowns ($24.57 million) . Loan is expected to be repaid on Jan. 31, 2017 and concurrently replaced by an unlisted subordinated loan of 175,000,000 crowns from ALM. Brand af 1792 fmba .Subordinated loan will have a 10-year maturity with an option for ALM. Brand bank to terminate loan after five years.  Full Article

Alm. Brand Q3 pre-tax profit rises; outlook on FY pre-tax profit lifted
Wednesday, 16 Nov 2016 02:32am EST 

Alm. Brand A/S : Q3 total income 1.82 billion Danish crowns ($262.26 million) versus 1.83 billion crowns year ago . Q3 pre-tax profit 334 million crowns versus 220 million crowns year ago . Full-Year guidance is lifted by 200 million crowns to profit of 900-1,000 million crowns; guidance for bank's winding-up activities is revised to expected loss of 25 million crowns .Full-year guidance is profit of 400-500 million crowns at combined ratio of about 92; winding-up activities are seen to report result of zero.  Full Article

Alm. Brand Q2 pre-tax profit up at DKK 249 million
Thursday, 25 Aug 2016 02:30am EDT 

Alm. Brand A/S : Q2 pre-tax profit 249 million Danish crowns ($37.71 million) versus 98 million crowns year ago . Q2 total income 1.87 billion crowns versus 1.87 billion crowns year ago . Outlook for group's forward-looking activities is lifted by 75 million crowns, comprising upgraded guidance of 100 million crowns and 15 million crowns for non-life insurance and life and pension . Full-Year guidance is raised by 100 million crowns to a pre-tax profit of 700-800 million crowns . Outlook for the bank’s forward-looking activities is lowered by 20 million crowns .Guidance for the bank’s winding-up activities is raised by 25 million crowns to a loss of 25-50 million crowns.  Full Article

Alm. Brand: CEO exercises share options, sells shares
Friday, 13 May 2016 09:22am EDT 

Alm. Brand A/S : Søren Boe Mortensen, CEO in Alm. Brand, has on May 12 purchased 84,380 Alm Brand shares as result of exercise of share options at cash value of about 1.4 million Danish crowns ($213,125) .Søren Boe Mortensen sold the same day 84,380 Alm Brand shares at cash value of about 4.1 million Danish crowns.  Full Article

Alm. Brand Q1 pre-tax profit up at DKK 234 million, raises outlook
Wednesday, 11 May 2016 02:31am EDT 

Alm. Brand A/S : Q1 total income 1.89 billion Danish crowns ($290 million)versus 2.00 billion crowns year ago . Q1 pre-tax profit 234 million crowns versus 177 million crowns year ago . Guidance for 2016 is raised by 100 million crowns to 600 million-700 million crowns . Guidance for non-life insurance is lifted by 75 million crowns to a profit of 600 million crowns .Guidance for the Group's other activities is unchanged.  Full Article

Alm Brand A/S Increase and extension of share buyback program
Tuesday, 26 Apr 2016 05:20am EDT 

Alm Brand A/S:Announces increase and extension of share buyback programme.After approval, share buyback programme will amount to up to 400 million Danish crowns and will be running until end-Feb. 2017.Has currently bought back own shares in a total amount of 125 million crowns , equivalent to 31 pct of overall programme.  Full Article

More From Around the Web

BRIEF-Alm. Brand launches share buyback programme of up to DKK 300 mln

* ALM. BRAND – LAUNCH OF SHARE BUYBACK PROGRAMME OF UP TO DKK 300 MILLION