AABENRAA, Denmark - Sydbank A/S has reported the completion of its share buyback transactions for week 52 as part of its ongoing program aimed at reducing the company’s share capital. The program, initiated on March 4, 2024, with a total allocation of 1.2 billion Danish kroner, is set to conclude by January 31, 2025, in accordance with the Safe Harbour regulations of the European Union.
During the week, Sydbank acquired 30,000 of its own shares at an average purchase price of 370.11 Danish kroner per share, amounting to a transaction value of 11,236,950 kroner. This brings the total number of shares bought back since the last announcement to 3,178,000, with an aggregate transaction value of 1,122,303,800 kroner.
Following these transactions, Sydbank now holds a total of 3,193,283 treasury shares, corresponding to 5.85% of the bank’s share capital. All transactions were conducted on the ISIN DK 0010311471 through Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S.
The share buyback program is conducted under the provisions of the European Parliament and Council Regulation (EU) No. 596/2014 of April 16, 2014, and the EU Commission’s Delegated Regulation (EU) 2016/1052 of March 8, 2016, collectively known as the Safe Harbour rules.
The details of the transactions carried out under the share buyback program, in compliance with Article 5 of the European Parliament and Council’s Market Abuse Regulation and the Commission’s Delegated Regulation, are attached as an annex to the press release statement.
This information is based on a press release statement and is intended to provide shareholders and investors with current facts regarding the company’s share capital adjustments. The share buyback program reflects Sydbank’s strategy to manage its capital structure and return value to its shareholders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.