Gold prices steady as traders assess Fed rate outlook after soft US data
AABENRAA, Denmark - Sydbank A/S has progressed its current share buyback program with the acquisition of 50,000 shares in week 23, as part of its plan to reduce share capital. This initiative, which began on March 3, 2025, and is set to conclude by January 31, 2026, involves a total expenditure of DKK 1.35 billion. The transactions are in line with the EU’s Safe Harbour rules, ensuring regulatory compliance.
During the week, the shares were purchased at an average price ranging from DKK 442.90 to DKK 448.68, amounting to a total value of DKK 22.25 million. With these latest transactions, Sydbank’s total holdings have reached 983,283 own shares, corresponding to 1.92% of the bank’s share capital. The trades were conducted through Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank.
The share buyback program is executed under ISIN DK 0010311471, with detailed transaction information available as per EU market abuse regulations. This strategic move by the bank is part of a broader effort to optimize capital structure and deliver value to shareholders.
As of today, the total amount spent on the buyback program stands at DKK 413.93 million. The bank’s consistent execution of the share repurchase plan reflects its commitment to capital efficiency and shareholder returns.
This report is based on a press release statement from Sydbank A/S.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.