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COPENHAGEN - Ringkjøbing Landbobank has announced the successful completion of its share buyback program, fully utilizing the allocated DKK 500 million. The buyback transactions were carried out from January 28, 2025, until May 28, 2025, in accordance with EU regulations and Safe Harbour rules.
The final phase of the program involved the purchase of 414,200 shares at an average price of DKK 1,207.12, resulting in a total expenditure of DKK 499,988,706. This brings the bank’s total ownership of its own shares to 1.63% of its share capital, excluding shares held in its trading portfolio and those purchased on behalf of customers.
In line with the regulatory framework, Ringkjøbing Landbobank has provided a detailed list of transactions from the last corporate announcement to the conclusion of the program. The bank plans to propose the cancellation of the acquired shares at its annual general meeting in 2026.
The share buyback program’s conclusion marks a significant step for Ringkjøbing Landbobank, as owning a portion of its shares may offer flexibility for future corporate finance initiatives. The bank’s CEO, John Fisker (OTC:FSRNQ), has confirmed the completion of the program in a statement based on the press release.
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