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AABENRAA - Sydbank A/S has completed a series of transactions as part of its share buyback program, the bank announced on Monday. The program, which commenced on March 3, 2025, with an allocation of 1.35 billion Danish kroner, is aimed at reducing the company’s share capital.
During the week of March 10 to March 14, the bank repurchased a total of 56,000 shares at an average price of 434.86 to 448.31 Danish kroner per share, amounting to a transaction value of 24.7 million Danish kroner. Since the last announcement, the cumulative number of shares bought back under the program has reached 119,000 shares, with a total value of approximately 52.7 million Danish kroner.
The transactions were carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, also known as the Safe Harbour rules. The trades were executed through Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S.
Following the latest transactions, Sydbank now holds a total of 3,503,048 of its own shares, which corresponds to 6.41% of the bank’s share capital.
The information provided is based on a press release statement from Sydbank A/S.
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