Ringkjøbing Landbobank buys back shares worth DKK 45 million in week 33

Published 18/08/2025, 07:56
Ringkjøbing Landbobank buys back shares worth DKK 45 million in week 33

COPENHAGEN - Ringkjøbing Landbobank A/S has purchased 18,200 of its own shares for a total of DKK 27.3 million during the week of August 11-15, 2025, according to a statement released by the bank on Monday.

The purchases were made as part of the bank’s ongoing share buyback program announced on June 2, 2025, under which the bank plans to repurchase shares worth up to DKK 1 billion, with a maximum limit of 1,600,000 shares, by January 30, 2026.

With the latest transactions, Ringkjøbing Landbobank has now bought back a total of 242,800 shares for DKK 339.5 million under the current program. The average purchase price during the past week was DKK 1,502.60 per share.

Including shares repurchased under a previous buyback program executed between January and May 2025, the bank now holds 657,000 of its own shares, representing 2.59% of its share capital, excluding its trading portfolio and investments made on behalf of customers.

The share buyback program is being implemented in compliance with EU regulations that constitute the "Safe Harbour" framework, according to the bank’s statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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