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COPENHAGEN - Sydbank A/S (CPH:SYDB) purchased 61,000 of its own shares during week 39 as part of its ongoing share buyback program, according to a company statement released Monday.
The Danish bank paid an average of approximately DKK 506 per share, with the total value of purchases for the week amounting to DKK 30.88 million. The transactions occurred between September 22 and September 26, with daily volumes ranging from 11,000 to 14,000 shares.
Following these transactions, Sydbank now holds 1,945,283 of its own shares, representing 3.79% of the bank’s total share capital.
The buybacks are part of Sydbank’s DKK 1.35 billion share repurchase program announced on February 26, 2025. The program began on March 3, 2025, and is scheduled to continue until January 31, 2026. To date, the bank has repurchased 1,892,000 shares for a total of DKK 854.78 million under this initiative.
According to the press release, the purpose of the share buyback program is to reduce Sydbank’s share capital. The program is being executed in compliance with European market abuse regulations and Safe Harbour rules.
Danske Bank A/S is conducting the transactions on behalf of Sydbank.
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