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COPENHAGEN - Ringkjøbing Landbobank has continued its share buyback program, purchasing additional shares as part of a plan announced earlier this year. The Danish bank has been actively buying back its shares in the market, following a schedule that began on January 28, 2025, and is set to conclude by May 28, 2025.
The bank’s initiative, which aims to acquire shares for a total of up to DKK 500 million but not exceeding 800,000 shares, is being conducted under the EU Commission’s "Safe Harbour" regulations. These rules allow for share buybacks to occur in a manner that minimizes market impact and ensures compliance with market abuse regulations.
During the week of April 14, 2025, the bank executed transactions to buy back shares at varying prices, contributing to a cumulative purchase amount of DKK 345,037,123 under the current program. The average purchase price of the shares acquired during the week was DKK 1,173.20.
As a result of the recent transactions, Ringkjøbing Landbobank now holds 1,609,142 shares, representing 6.03% of the company’s share capital, excluding the shares held in the bank’s trading portfolio and those bought on behalf of customers.
The share buyback program is part of the bank’s capital allocation strategy and reflects its commitment to delivering value to shareholders. The detailed transactions made under the program have been disclosed in accordance with regulatory requirements, providing transparency into the bank’s actions in the market.
The information in this article is based on a press release statement from Ringkjøbing Landbobank.
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