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AABENRAA, Denmark - Sydbank A/S has reported a series of transactions under its current share buyback program, which was initially announced on February 26, 2025. The program, aimed at reducing the bank’s share capital, began on March 3, 2025, and is set to conclude by January 31, 2026.
Throughout the past week, Sydbank purchased a total of 63,000 of its own shares at an average price range of 438.02 to 447.81 Danish Krone per share, amounting to a transaction value of 27.961 million Krone. The trades were executed by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S.
Following these transactions, Sydbank now holds 3,448,200 of its own shares, corresponding to 6.31% of the bank’s total share capital. The buybacks were carried out in compliance with the Market Abuse Regulation (EU) No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, collectively known as the Safe Harbour rules.
The detailed information regarding the individual transactions has been made available as per Article 5 of the Market Abuse Regulation. This buyback activity is part of a broader strategy by Sydbank to adjust its capital structure and deliver value to its shareholders.
The information provided in this article is based on a press release statement from Sydbank A/S.
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