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AABENRAA, Denmark - Sydbank A/S has continued its share buyback program with recent transactions in week 20, as part of its plan to reduce the bank’s share capital. The buyback program, which started on March 3, 2025, is set to conclude by January 31, 2026, and is being conducted under the EU’s Safe Harbour rules.
During the week, Sydbank A/S purchased 69,000 of its own shares at variable weighted average prices ranging from 420.71 to 436.83 Danish Krone (DKK), amounting to a total expenditure of DKK 29,504,360. This brings the total number of shares bought back since the latest announcement to 831,000, with an accumulated spend of DKK 346,542,500.
The transactions were carried out by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S and were executed under ISIN DK 0010311471. Following these transactions, Sydbank A/S now holds a total of 833,985 of its own shares, which corresponds to 1.62% of the bank’s share capital.
This share buyback initiative was first announced on February 26, 2025, with a total budget of DKK 1,350 million. It aims to adjust the capital structure of the bank by reducing the share capital. The program is in accordance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.
The detailed information regarding the individual transactions made during the week is available as per the regulatory requirements. This update is based on a press release statement from Sydbank A/S.
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