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COPENHAGEN - Ringkjøbing Landbobank acquired 24,100 of its own shares for a total of DKK 5.7 million during the trading week of July 14-18, 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, which runs from June 2, 2025, through January 30, 2026. Under this program, Ringkjøbing Landbobank plans to repurchase up to DKK 1 billion worth of shares, with a maximum limit of 1.6 million shares.
The Danish bank paid an average price of DKK 1,417.46 per share on Monday, with the price fluctuating throughout the week, ending at DKK 1,405.60 on Friday.
With these latest transactions, Ringkjøbing Landbobank now holds 578,800 of its own shares, representing 2.28% of the company’s share capital. This total includes 414,200 shares purchased during a previous buyback program that ran from January 28 to May 28, 2025.
The current share repurchase 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.
Since the start of the current program, the bank has bought back a total of 164,600 shares at an average price of DKK 1,371.54, amounting to DKK 225.8 million of the planned DKK 1 billion allocation.
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