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AABENRAA, Denmark - Sydbank A/S, a Danish financial institution, has been actively purchasing its own shares as part of an ongoing buyback program. The bank disclosed this week that it has acquired a total of 64,000 shares between Monday and Friday, with a total gross value of DKK 28,318,360.
The share buyback initiative, which was publicized on 26 February 2025, is part of a DKK 1,350 million plan aimed at reducing the company’s share capital. The program started on 3 March 2025 and is scheduled to conclude by 31 January 2026. This strategic move is being conducted in accordance with the Safe Harbour rules, ensuring compliance with EU regulations concerning market abuse and transparency.
Throughout the past week, the shares were bought at prices ranging from DKK 438.63 to DKK 447.06. The transactions were carried out through Danske Bank (CSE:DANSKE) A/S, which acted on behalf of Sydbank A/S.
Since the commencement of the buyback program, Sydbank A/S has accumulated 895,000 shares, which represents 1.74% of the bank’s share capital. These transactions have been reported in line with market abuse regulations, providing transparency to shareholders and the public.
The information provided is based on a press release statement from Sydbank A/S. As the bank continues with its share buyback program, it maintains a total of 895,295 of its own shares. This strategic effort reflects the bank’s commitment to managing its capital structure and delivering value to its shareholders.
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