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AABENRAA, Denmark - Sydbank A/S (CPH:SYDB) has progressed with its ongoing share buyback program, as detailed in its latest company announcement. Over the course of week 17, the Danish bank executed further transactions to acquire its own shares, a move aimed at reducing its share capital.
The buyback initiative, which was first announced on February 26, 2025, saw the bank purchasing an additional 64,000 shares at varying prices, resulting in a total expenditure of 26,353,790 Danish kroner for the week. This latest activity brings the aggregate number of shares bought back since the program’s commencement on March 3, 2025, to 627,000, amounting to a gross value of 260,162,910 Danish kroner.
Sydbank’s buyback program is set to conclude by January 31, 2026, and is being conducted in accordance with the European Union’s Market Abuse Regulation and the Commission Delegated Regulation, collectively known as the Safe Harbour rules.
Following the recent transactions, Sydbank now holds 4,011,289 of its own shares, which corresponds to 7.34% of the bank’s total share capital. The shares were traded under the ISIN DK 0010311471 and were facilitated by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank.
The bank’s actions are part of a strategic effort to optimize its capital structure. This information is based on a press release statement from Sydbank A/S, providing transparency on its share buyback program and compliance with regulatory requirements.
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