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AABENRAA, Denmark - Sydbank A/S has reported the completion of transactions under its share buyback program for week 22, as part of a larger initiative to reduce its share capital. The buyback program, which commenced on March 3, 2025, involves the repurchase of shares worth DKK 1,350 million and is expected to conclude by January 31, 2026.
During the 22nd week, Sydbank A/S conducted transactions totaling 38,000 shares for a gross value of DKK 16,827,500. These transactions were carried out under ISIN DK 0010311471 by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S. The trades occurred on May 26, May 27, and May 28, with no transactions on May 29 due to a public holiday and May 30, a bank holiday.
Since the last announcement, the bank has accumulated a total of 933,000 shares through the program, with a combined gross value of DKK 391,688,360. As a result of these recent transactions, Sydbank A/S now holds a total of 938,074 of its own shares, corresponding to 1.83% of the bank’s share capital.
The share buyback program is being conducted in accordance with the Safe Harbour rules, which include Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014, and Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016.
The purpose of the share buyback is to adjust the capital structure of the bank by reducing the share capital. This information is based on a press release statement issued by Sydbank A/S and provides an update on the bank’s ongoing efforts to manage its capital efficiently.
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