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COPENHAGEN - Sydbank A/S (CPH:SYDB) purchased 56,000 of its own shares during week 26 as part of its ongoing share buyback program, according to a statement released by the Danish bank on Monday.
The bank paid an average of approximately DKK 439 per share, with the total value of purchases for the week amounting to DKK 24.57 million. The daily volume ranged from 6,000 to 14,000 shares, with the highest price paid on Friday at DKK 461.20 per share.
Following these transactions, Sydbank now holds 1,149,222 of its own shares, representing 2.24% 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, 2025, and is scheduled to continue until January 31, 2026. Since the program’s inception, the bank has repurchased a total of 1,149,000 shares at a combined cost of DKK 487.37 million.
The primary objective of the share buyback program is to reduce Sydbank’s share capital. All transactions are being executed in compliance with European market abuse regulations and Safe Harbour rules, with Danske Bank (CSE:DANSKE) A/S conducting the purchases on behalf of Sydbank.
The bank’s shares are traded under the ISIN code DK 0010311471 on the Copenhagen Stock Exchange.
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