COPENHAGEN - Ringkjøbing Landbobank has announced the latest transactions under its current share buyback program. The program, which was initiated on February 1, 2024, and is set to conclude on January 27, 2025, is divided into two parts. The first part, amounting to DKK 750 million, was completed on June 27, 2024. The second part, with a budget of DKK 775 million and a maximum of 1,550,000 shares, started on June 28, 2024, and will run until the end date of the program.
In the first week of January 2025, the bank has continued its share repurchase plan, buying back shares on December 30, 2024, and the first three days of January 2025. These transactions are part of the second phase of the buyback program. As a result of the recent purchases, Ringkjøbing Landbobank now holds 1,247,707 shares under the program, equivalent to 4.7% of the bank’s share capital.
The share buyback program is being executed in accordance with the "Safe Harbour" rules, which include the EU Commission Regulation No. 596/2014 and the EU Commission Delegated Regulation No. 2016/1052, ensuring that the buyback is conducted legally and transparently.
The detailed transactions have been made public, providing transparency about the specific number of shares purchased and the average purchase price for each day of trading. This allows shareholders and other interested parties to track the progress of the buyback.
Ringkjøbing Landbobank’s share buyback is a common practice among listed companies, allowing them to return value to shareholders and potentially improve financial ratios. The bank’s announcement reflects its ongoing commitment to its share buyback program and its adherence to regulatory requirements.
The information disclosed is based on a press release statement from Ringkjøbing Landbobank.
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