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AABENRAA, Denmark - Sydbank A/S, a major Danish bank, has progressed in its current share buyback program, with transactions in the 12th week totaling 49,000 shares for a gross value of DKK 21,595,230. This buyback initiative, part of a larger DKK 1,350 million program announced on February 26, 2025, began on March 3, 2025, and is set to conclude by January 31, 2026.
The purpose of this program is to reduce Sydbank’s share capital, and it is being conducted within the parameters of the European Union’s Market Abuse Regulation and the Commission Delegated Regulation, commonly known as the Safe Harbour rules. Since the last announcement, Sydbank has accumulated a total of 168,000 shares at a cost of DKK 74,264,620.
During the week spanning March 17 to March 21, the bank acquired shares at prices ranging from DKK 425.47 to DKK 451.93. The transactions were carried out by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank, under ISIN DK 0010311471.
As a result of these transactions, Sydbank now holds a total of 3,552,669 of its own shares, which corresponds to 6.50% of the bank’s share capital. The company’s ongoing efforts to manage its share capital through the buyback program reflect its strategic financial management practices.
The detailed information regarding the individual transactions made under the share buyback program can be found in the attachment to the press release statement. This disclosure is in line with Article 5 of the EU Market Abuse Regulation, ensuring transparency in the bank’s operations related to its shares.
Investors and stakeholders in Sydbank can expect the bank to continue its share buyback program within the stipulated timeframe, with the aim of optimizing shareholder value while adhering to regulatory guidelines.
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