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AABENRAA, Denmark - Sydbank A/S, a leading financial institution based in Denmark, has made significant strides in its share buyback program, which commenced on March 3, 2025. The bank has reported that during the 10th week of the year, a total of 63,000 shares were repurchased for a gross value of DKK 27,961,010.
This move is part of a larger DKK 1.35 billion buyback initiative announced on February 26, 2025, which is set to run until January 31, 2026. The purpose of the program is to reduce Sydbank’s share capital. The transactions have been conducted in accordance with the European Union’s Market Abuse Regulation and the Safe Harbour rules, ensuring compliance with strict regulatory standards.
Throughout the week, share prices varied, with the bank purchasing shares at an average volume-weighted price ranging from DKK 438.02 to DKK 447.81. The transactions were carried out by Danske Bank (CSE:DANSKE) A/S on Sydbank’s behalf, under the stock ticker ISIN DK 0010311471.
As a result of these transactions, Sydbank now holds 3,448,200 of its own shares, corresponding to 6.31% of the bank’s total share capital. This information is based on a press release statement provided by Sydbank A/S and is intended to inform shareholders and the investment community about the current status of the buyback program.
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