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AABENRAA, Denmark - Danish lender Sydbank A/S has continued its share buyback program in the 16th week of the year, transacting a total of 60,000 shares at an average purchase price of 396.85 to 408.14 DKK per share, amounting to 24.238 million DKK. This latest activity is part of a larger repurchase scheme announced on February 26, 2025, aimed at reducing the bank’s share capital.
The program, which began on March 3, 2025, is set to conclude by January 31, 2026, with a total budget of 1.35 billion DKK. Following the latest transactions, Sydbank’s cumulative repurchases under this program have reached 563,000 shares, totaling approximately 233.809 million DKK.
As of the most recent transactions, Sydbank holds 3,947,697 shares in total, representing 7.23% of the bank’s share capital. The buybacks are executed in accordance with the Market Abuse Regulation of the European Parliament and Council and the Commission Delegated Regulation, collectively known as the Safe Harbour rules.
The transactions were carried out by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S and involved shares with ISIN DK 0010311471. The share buyback activity aligns with regulatory provisions designed to prevent market abuse and ensure transparency.
This information is based on a press release statement from Sydbank A/S.
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