Microvast Holdings announces departure of chief financial officer
COPENHAGEN - Sydbank A/S (CPH:SYDB) purchased 64,000 of its own shares last week for a total of DKK 28.3 million as part of its ongoing share buyback program, according to a company statement released Monday.
The Danish bank acquired the shares between June 16 and June 20, with daily purchase volumes ranging from 11,000 to 14,000 shares at prices between DKK 436.55 and DKK 455.01 per share.
Following these transactions, Sydbank now holds 1,095,462 of its own shares, representing 2.13% of the company’s total share capital.
The purchases were made under Sydbank’s DKK 1.35 billion share buyback program announced on February 26, 2025. The program began on March 3 and will continue until January 31, 2026.
Since the program’s inception, Sydbank has repurchased 1,093,000 shares for a total of DKK 462.8 million.
The bank stated that the purpose of the share buyback program is to reduce its share capital. The program is being executed in compliance with European market abuse regulations and Safe Harbour rules.
Danske Bank (CSE:DANSKE) A/S is conducting the transactions on behalf of Sydbank.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.