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AABENRAA, Denmark - Danish lender Sydbank A/S has continued its share buyback initiative, purchasing shares as part of a DKK 1.35 billion program intended to reduce its share capital. The program, which began on March 3, 2025, is set to conclude by January 31, 2026, and is being conducted in accordance with the EU’s Safe Harbour regulations.
During the 16th week of the program, Sydbank repurchased 60,000 shares at an average price ranging from DKK 396.85 to DKK 408.14, amounting to a gross value of DKK 24,238,940. With these recent transactions, the total number of shares bought back under the program has reached 563,000, totaling DKK 233,809,120.
The transactions have been executed by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank and were carried out under the ISIN DK 0010311471. Following the latest purchases, Sydbank now holds 3,947,697 of its own shares, equivalent to 7.23% of the bank’s share capital.
The share buyback program aligns with the regulatory framework of the European Parliament and Council’s Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, known collectively as the Safe Harbour rules. These rules ensure that the buyback is executed within the boundaries of market abuse regulations.
The bank’s initiative to repurchase shares is a common strategy used by companies to return value to shareholders and optimize capital structure. Sydbank’s program is a significant financial maneuver within the Danish banking sector, reflecting the bank’s commitment to its capital strategy.
This information is based on a press release statement from Sydbank A/S.
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