Sydbank continues its share buyback, accumulates 696,000 shares

Published 05/05/2025, 09:58
Sydbank continues its share buyback, accumulates 696,000 shares

AABENRAA, Denmark - Sydbank A/S has announced recent transactions as part of its ongoing share buyback program, which was initially unveiled on February 26, 2025. The program, aimed at reducing the bank’s share capital, has been active since March 3, 2025, and is set to conclude by January 31, 2026.

During week 18, Sydbank purchased an additional 69,000 shares at a variable weighted average price (VWAP), amounting to a gross value of 28.87 million Danish kroner (DKK). This latest transaction brings the total number of shares bought back under the program to 696,000, with a cumulative value of approximately 289.03 million DKK.

The buyback scheme is being conducted within the Safe Harbour rules, according to the provisions of Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052. These regulations are designed to protect investors and maintain market integrity.

As a result of the recent transactions, Sydbank now holds a total of 4,080,435 of its own shares, which corresponds to 7.47% of the institution’s share capital. The operations were carried out under ISIN DK 0010311471 by Danske Bank (CSE:DANSKE) A/S, acting on behalf of Sydbank.

The information provided in this article is based on a press release statement from Sydbank A/S. The bank’s share buyback program reflects a strategic effort to manage its capital structure and return value to shareholders. The transactions are reported in compliance with market abuse regulations, ensuring transparency for investors and the wider market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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