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COPENHAGEN - Sydbank A/S (CPH:SYDB) purchased 50,000 of its own shares during the week of July 14-18 as part of its ongoing share buyback program, according to a company statement released Monday.
The Danish bank acquired the shares at prices ranging from DKK 477.60 to DKK 481.33 per share, with a total expenditure of approximately DKK 24 million for the week.
The transactions were executed by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank as part of the DKK 1.35 billion share repurchase program announced on February 26, 2025. The program began on March 3 and is scheduled to continue until January 31, 2026.
Since the program’s inception, Sydbank has repurchased a total of 1,288,000 shares for an aggregate amount of DKK 553.8 million. Following these transactions, the bank now holds 1,288,593 of its own shares, representing 2.51% of its total share capital.
The buyback program aims to reduce Sydbank’s share capital and is being conducted in compliance with European market abuse regulations and Safe Harbour rules, which govern corporate share repurchases.
All transactions were made under the ISIN DK 0010311471 on the Copenhagen Stock Exchange.
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