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AABENRAA, Denmark - Sydbank A/S has progressed in its ongoing share buyback program, with a series of transactions taking place in week 21 of the initiative. The buyback program, which was announced on February 26, 2025, involves the repurchase of shares for a total of DKK 1.35 billion. The purpose of the program is to reduce the bank’s share capital.
The buyback began on March 3, 2025, and is scheduled to conclude by January 31, 2026. It is being conducted in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, collectively known as the Safe Harbour rules.
During the 21st week, Sydbank A/S repurchased 64,000 shares at an average price of DKK 442.16 per share, amounting to a total transaction value of DKK 28.32 million. With these latest transactions, the bank has accumulated a total of 895,000 shares bought back under the program, with a total value of DKK 374.86 million.
The transactions were carried out on the ISIN DK 0010311471 by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S. Following the recent transactions, Sydbank A/S now holds a total of 895,295 shares, corresponding to 1.74% of the bank’s share capital.
This update on Sydbank’s share buyback program is based on a press release statement issued by the bank.
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