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COPENHAGEN - Ringkjøbing Landbobank has purchased 20,300 of its own shares for approximately DKK 28.1 million during the week of June 30 to July 4, according to a press release statement from the Danish bank.
The transactions were executed as part of the bank’s ongoing share buyback program announced on June 2, which allows for repurchases of up to DKK 1 billion worth of shares, with a maximum limit of 1,600,000 shares. The program is scheduled to run until January 30, 2026.
During the week, the bank paid an average price of DKK 1,385.75 per share on Monday, with the highest average daily price of DKK 1,399.23 recorded on Thursday.
With these latest acquisitions, Ringkjøbing Landbobank now owns a total of 538,700 of its own shares, representing approximately 2.12% of the bank’s share capital. This figure excludes shares in the bank’s trading portfolio and investments made on behalf of customers.
The buyback program is being implemented in compliance with EU regulations, specifically the "Safe Harbour" provisions under EU Commission Regulation No. 596/2014 and EU Commission Delegated Regulation No. 2016/1052.
Prior to the current buyback program, the bank had already repurchased 414,200 shares between January 28 and May 28, 2025, at an average price of DKK 1,207.12, totaling nearly DKK 500 million.
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