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COPENHAGEN - Sydbank A/S announced Monday it purchased 51,000 of its own shares last week as part of its ongoing share buyback program, according to a company statement.
The Danish bank acquired the shares between August 4-8 at prices ranging from DKK 487.37 to DKK 495.47 per share, for a total expenditure of approximately DKK 25.06 million.
Following these transactions, Sydbank now holds 1,455,640 of its own shares, representing 2.84% of the bank’s total share capital.
The purchases are part of Sydbank’s DKK 1.35 billion share buyback program announced on February 26, 2025. The program began on March 3 and will continue until January 31, 2026. Since the program’s inception, the bank has repurchased 1,454,000 shares for a total of DKK 633.86 million.
The primary purpose of the share buyback is to reduce Sydbank’s share capital. The program is being executed in compliance with European market regulations, specifically the Safe Harbour rules, which include Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Danske Bank (CSE:DANSKE) A/S is conducting the transactions on behalf of Sydbank.
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