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COPENHAGEN - Danish bank Ringkjøbing Landbobank has completed its latest share buyback program, as detailed in a recent statement. The program, which began on January 28, 2025, finalized on May 28, 2025, with the bank repurchasing shares up to a total value of DKK 500 million, not exceeding 800,000 shares.
This initiative was conducted within the "Safe Harbour" regulations, as outlined by EU Commission Regulation No. 596/2014 and EU Commission Delegated Regulation No. 2016/1052. The transactions made during the final week of the program, from Monday to Sunday, included the acquisition of 23,500 shares at an average purchase price of DKK 1,341.90, amounting to a total of DKK 31,534,160.
Following the completion of the buyback, Ringkjøbing Landbobank now holds 404,800 shares acquired under this program, which represents 1.59% of the bank’s share capital. The detailed transactions conducted under the program have been disclosed in accordance with regulatory requirements.
The share buyback program is part of the bank’s capital distribution strategy and reflects its commitment to delivering value to its shareholders. The bank has been transparent about the buyback details, providing regular updates on the progress and transactions made throughout the program’s duration.
The information provided in this article is based on a press release statement from Ringkjøbing Landbobank.
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