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COPENHAGEN - Danish lender Ringkjøbing Landbobank has purchased shares worth approximately DKK 27 million during the past week as part of its ongoing share buyback program, according to a statement released Monday.
The bank acquired 18,500 shares at an average price of DKK 1,459.04 per share between September 29 and October 3, bringing the total number of shares repurchased under the current program to 379,277, representing 1.5% of its share capital.
Since the program’s launch on June 2, Ringkjøbing Landbobank has spent DKK 539.4 million of the allocated DKK 1 billion maximum. The buyback is scheduled to continue until January 30, 2026.
Including a previous share repurchase program that concluded in May, the bank now holds 793,477 of its own shares, equivalent to 3.12% of its total share capital, excluding trading portfolio and customer investments.
The current buyback program is being implemented in compliance with EU market abuse regulations under the "Safe Harbour" framework, which provides certain protections for share repurchase programs.
The information was disclosed in a press release statement from the bank.
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