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COPENHAGEN - Sydbank A/S (CPSE:SYDB) acquired 50,000 of its own shares last week as part of its ongoing share repurchase program, according to a company statement released Monday.
The Danish bank purchased the shares between August 18-22, 2025, at prices ranging from DKK 525.33 to DKK 538.77 per share, with a total expenditure of approximately DKK 26.7 million for the week.
Since initiating the buyback program on March 3, 2025, Sydbank has repurchased 1,555,000 shares for a total value of DKK 687.2 million. Following these transactions, the bank now holds 1,565,409 of its own shares, representing 3.05% of its total share capital.
The current share repurchase program, announced on February 26, 2025, has an authorized value of DKK 1,350 million and is scheduled to continue until January 31, 2026. The primary objective of the program is to reduce the bank’s share capital.
Sydbank is executing the buyback in compliance with European market regulations, specifically the Safe Harbour rules established under Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
Danske Bank A/S is conducting the transactions on behalf of Sydbank.
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