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COPENHAGEN - Sydbank A/S (CPSE:SYDB) has repurchased 51,000 of its own shares for a total of DKK 26.6 million during the week of August 11-15, according to a press release statement issued Monday.
The Danish bank purchased the shares at an average price ranging from DKK 511.26 to DKK 532.40 per share as part of its ongoing share buyback program announced on February 26, 2025.
Since the program’s inception on March 3, Sydbank has repurchased a total of 1,505,000 shares for DKK 660.5 million. Following these transactions, the bank now holds 1,505,761 of its own shares, representing 2.94% of its total share capital.
The buyback program, valued at DKK 1.35 billion, aims to reduce Sydbank’s share capital and is scheduled to conclude by January 31, 2026. The program is being conducted in accordance with the European Union’s Market Abuse Regulation and the EU Commission’s delegated regulation, collectively known as the Safe Harbor rules.
All transactions were executed in ISIN DK 0010311471 through Danske Bank A/S, which is acting on behalf of Sydbank.
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