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AABENRAA, Denmark - Sydbank A/S, a major Danish bank, has made further progress in its share buyback program, with a series of transactions conducted in the past week. The program, which was initially announced on February 26, 2025, aims to reduce the bank’s share capital and is expected to conclude by January 31, 2026.
During the 19th week of the program, Sydbank purchased a total of 66,000 shares at varying prices, amounting to a gross value of 28,006,590 Danish kroner. These transactions have increased the total number of shares acquired since the start of the program to 762,000, representing an aggregate purchase value of 317,038,140 Danish kroner.
The buyback scheme operates within the parameters set by the Safe Harbour rules, specifically under Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052. According to the information provided, all transactions were conducted under the ISIN DK 0010311471 by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S.
Following the recent transactions, Sydbank now holds a total of 760,964 of its own shares, equivalent to 1.48% of the bank’s share capital. In addition, the bank has direct and indirect holdings of 768,839 shares, which corresponds to 1.51% of Sydbank A/S’s total share capital.
This update is based on a press release statement from Sydbank A/S, and it reflects the latest steps taken by the bank in its ongoing effort to optimize its capital structure.
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