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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.
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