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AABENRAA, Denmark - Sydbank A/S (COPENHAGEN:SYDB) purchased 71,000 of its own shares last week as part of its ongoing share buyback program, according to a company statement released Monday.
The Danish bank acquired the shares at an average price ranging between DKK 484.51 and DKK 491.83, for a total expenditure of approximately DKK 34.63 million during the week.
The transactions were executed between September 1-5, with daily purchase volumes ranging from 14,000 to 15,000 shares. The bank paid an average price of DKK 487.69 per share across all transactions for the week.
Following these purchases, Sydbank now holds 1,725,315 of its own shares, representing 3.36% of the company’s total share capital.
The current buyback program, announced on February 26, 2025, has a total allocation of DKK 1.35 billion and is scheduled to run through January 31, 2026. Since the program’s commencement on March 3, Sydbank has repurchased a total of 1,696,000 shares for approximately DKK 757.35 million.
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 EU market abuse regulations and Safe Harbour rules, with Danske Bank A/S conducting the transactions on behalf of Sydbank.
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