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COPENHAGEN - Sydbank A/S (COPENHAGEN:SYDB) purchased 50,000 of its own shares during the week of July 7-11 at an average price of approximately 482.63 Danish kroner per share, according to a statement released by the bank on Monday.
The Danish bank acquired the shares as part of its previously announced share buyback program worth 1.35 billion Danish kroner, which began on March 3, 2025, and will continue until January 31, 2026.
The transactions were executed at prices ranging from 474.80 to 489.39 kroner per share, with a total expenditure of 24.13 million kroner for the week.
Following these purchases, Sydbank now holds 1,238,285 of its own shares, representing 2.41% of the bank’s total share capital.
According to the bank’s statement, the purpose of the share buyback program is to reduce Sydbank’s share capital. The program is being executed in compliance with European market regulations, specifically the Safe Harbour rules under 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.
Since the program’s inception in March, Sydbank has repurchased a total of 1,238,000 shares at a combined cost of 529.85 million Danish kroner, representing approximately 39% of the total program amount.
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