Genmab A/S (GMAB) completes stock buyback plan
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Genmab A/S (Nasdaq: GMAB) announces that its share buy-back program has been completed on June 26, 2025.
On March 25, 2025, Genmab announced the initiation of a share buy-back program to repurchase up to 2.2 million shares to reduce capital and to honor our commitments under the Restricted Stock Unit program. The share buy-back program was expected to be completed no later than July 10, 2025.
The following transactions were executed under the program from June 23, 2025, to June 26, 2025:
| Trading Platform | No. of shares | Average price (DKK) | Total Value (DKK) | |
| Accumulated through last announcement | 2,081,211 | 2,707,132,655.69 | ||
| June 23, 2025 | XCSE | 100 | 1,357.64 | 135,764.00 |
| BCXE | 0 | 0.00 | ||
| AQEU | 0 | 0.00 | ||
| TQEX | 0 | 0.00 | ||
| Total | 100 | 135,764.00 | ||
| June 24, 2025 | XCSE | 16,492 | 1,335.50 | 22,025,038.15 |
| BCXE | 5,673 | 1,332.10 | 7,556,981.18 | |
| AQEU | 1,750 | 1,331.96 | 2,330,932.98 | |
| TQEX | 2,214 | 1,332.62 | 2,950,431.53 | |
| Total | 26,129 | 34,863,383.84 | ||
| June 25, 2025 | XCSE | 30,000 | 1,321.43 | 39,642,818.63 |
| BCXE | 15,961 | 1,321.35 | 21,090,051.39 | |
| AQEU | 0 | 0.00 | ||
| TQEX | 0 | 0.00 | ||
| Total | 45,961 | 60,732,870.02 | ||
| June 26, 2025 | XCSE | 30,000 | 1,319.16 | 39,574,771.09 |
| BCXE | 16,599 | 1,318.46 | 21,885,069.40 | |
| AQEU | 0 | 0.00 | ||
| TQEX | 0 | 0.00 | ||
| Total | 46,599 | 61,459,840.49 | ||
| Total | 118,789 | 157,191,858.35 | ||
| Accumulated under the program | 2,200,000 | 2,864,324,514.04 |
Details of each transaction are included as an appendix to this announcement.
Following these transactions, Genmab holds 2,651,727 shares as treasury shares, corresponding to 4.13% of the total share capital and voting rights.
The share buy-back program is undertaken in accordance with Regulation (EU) No. 596/2014 (‘MAR’) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the “Safe Harbour Regulation.” Further details on the terms of the share buy-back program can be found in our company announcement no. 14 dated March 25, 2025.
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