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AABENRAA, Denmark - Sydbank A/S has reported further transactions under its share buyback program initiated on March 3, 2025. The program, which involves the repurchase of shares worth 1.35 billion Danish kroner, is aimed at reducing the bank’s share capital and is expected to conclude by January 31, 2026.
In the latest update, during the week of March 17, 2025, Sydbank acquired an additional 49,000 shares at an average purchase price of 449.74 to 451.93 Danish kroner per share, amounting to a total transaction value of 21.595 million kroner. These transactions bring the cumulative total under the buyback program to 168,000 shares, with an aggregate value of 74.264 million kroner.
The buyback scheme complies with the Market Abuse Regulation (EU No. 596/2014) and the Commission Delegated Regulation (EU 2016/1052), collectively known as the Safe Harbour rules. Danish Bank A/S executed all transactions on behalf of Sydbank A/S, trading in ISIN DK 0010311471.
Following the recent transactions, Sydbank now holds a total of 3,552,669 of its own shares, corresponding to 6.50% of the bank’s total share capital.
This update on Sydbank’s share repurchase activity is based on a press release statement. The bank’s strategic move to buy back shares is part of a broader effort to optimize its capital structure. However, the report refrains from speculating on the program’s impact on the bank’s market position or future prospects. The information presented focuses on the specific details of the transactions completed during the specified week, providing a clear and factual account of Sydbank’s ongoing share buyback program.
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