Sydbank buys back 39,000 shares in week 27

Published 07/07/2025, 09:40
Sydbank buys back 39,000 shares in week 27

COPENHAGEN - Sydbank A/S (CPH:SYDB) purchased 39,000 of its own shares during the week of July 1-4, 2025, for a total value of DKK 18.35 million, according to a press release issued by the bank on Monday.

The transactions were executed at an average price ranging from DKK 466.63 to DKK 474.39 per share as part of the bank’s ongoing share buyback program announced on February 26, 2025.

The Danish bank has now repurchased a total of 1,188,000 shares worth DKK 505.72 million since the program began on March 3, 2025. Following these transactions, Sydbank holds 1,188,432 of its own shares, representing 2.32% of the company’s total share capital.

The DKK 1.35 billion share buyback program is scheduled to continue until January 31, 2026. The bank stated that the purpose of the program is to reduce Sydbank’s share capital.

All transactions were executed through Danske Bank (CSE:DANSKE) A/S and conducted under the ISIN code DK 0010311471, in compliance with EU market abuse regulations and Safe Harbour rules, which include Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.

The share repurchases were carried out over five consecutive trading days, with daily volumes ranging from 6,000 to 9,000 shares.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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