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COPENHAGEN - Ringkjøbing Landbobank has announced continued progress in its current share buyback program, which began on January 28, 2025, and is set to conclude on May 28, 2025. The Danish bank has been actively purchasing its own shares, with the total buyback capped at DKK 500 million or a maximum of 800,000 shares.
The share buyback initiative is being conducted in accordance with the EU Commission Regulation No. 596/2014 and the EU Commission Delegated Regulation No. 2016/1052, which constitute the "Safe Harbour" regulations.
During the past week, the bank carried out transactions to acquire additional shares. As of the latest update, Ringkjøbing Landbobank has bought back a total of 354,100 shares under the program, which corresponds to 1.33% of the bank’s share capital. The average purchase price per share was DKK 1,185.30, totaling DKK 419,714,563 spent on the buyback thus far.
The bank’s continued repurchase of its own shares is a part of its capital allocation strategy, and the detailed transactions for the reported days have been disclosed in accordance with regulatory requirements.
The buyback program is part of the bank’s efforts to return value to shareholders and manage its capital structure efficiently. Ringkjøbing Landbobank’s management has not disclosed any further intentions regarding the buyback program beyond the current information.
This news is based on a press release statement from Ringkjøbing Landbobank.
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