Ringkjøbing Landbobank continues share buyback

Published 19/05/2025, 08:00
Ringkjøbing Landbobank continues share buyback

COPENHAGEN - Ringkjøbing Landbobank has been actively purchasing its own shares as part of an ongoing buyback program that spans from January 28, 2025, to May 28, 2025. The Danish bank has been executing the program within the parameters of EU regulations, ensuring compliance with the established "Safe Harbour" rules.

During the past week, the bank conducted several transactions, acquiring a total of 27,200 shares at varying average purchase prices, contributing to the overall program’s aim of buying back shares worth up to DKK 500 million or a maximum of 800,000 shares. These purchases add to the bank’s existing holdings, bringing the total number of shares acquired under the current program to 381,300, representing 1.43% of Ringkjøbing Landbobank’s share capital.

The buyback program is part of the bank’s capital distribution strategy, intended to adjust the capital structure and meet obligations related to share-based payment programs. The detailed transactions have been disclosed in compliance with market regulations, providing transparency about the bank’s activities in this area.

This initiative reflects the bank’s financial strength and commitment to delivering value to its shareholders. The bank’s CEO, John Fisker (OTC:FSRNQ), has reiterated the strategic nature of the buyback in accordance with regulatory requirements.

As the program continues, investors and stakeholders are kept informed of the progress, which is indicative of the bank’s proactive approach to capital management. This information is based on a press release statement from Ringkjøbing Landbobank.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.