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COPENHAGEN - Sydbank A/S (CPH:SYDB) acquired 46,000 of its own shares last week as part of its ongoing share buyback program, according to a company statement released Monday.
The Danish bank purchased the shares between June 10 and June 13 at prices ranging from DKK 444.43 to DKK 448.54 per share, with a total expenditure of approximately DKK 20.5 million for the week.
The transactions are part of Sydbank’s DKK 1.35 billion share buyback program announced on February 26, which began on March 3 and will continue until January 31, 2026. The program aims to reduce the bank’s share capital.
Since the program’s inception, Sydbank has repurchased 1,029,000 shares for a total of DKK 434.5 million. Following these transactions, the bank now holds 1,030,375 of its own shares, representing 2.01% of its total share capital.
The buyback is being executed in compliance with European market regulations, specifically the Safe Harbour rules established under Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Danske Bank (CSE:DANSKE) A/S is conducting the share repurchases on behalf of Sydbank.
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