Sydbank repurchases 55,000 shares in week 30 of buyback program

Published 28/07/2025, 09:12
Sydbank repurchases 55,000 shares in week 30 of buyback program

COPENHAGEN - Sydbank A/S (CPH:SYDB) purchased 55,000 of its own shares during the week of July 21-25 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 471.02 to DKK 477.09 per share, with a total expenditure of DKK 26,066,260 for the week.

Since the program’s inception on March 3, Sydbank has repurchased a total of 1,343,000 shares for an aggregate amount of DKK 579,901,820. Following these transactions, the bank now holds 1,343,637 of its own shares, representing 2.62% of its total share capital.

The buyback program, announced on February 26, has a total allocation of DKK 1,350 million and is scheduled to run until January 31, 2026. The primary purpose of the program is to reduce Sydbank’s share capital.

The share repurchases are being executed 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 (CSE:DANSKE) A/S is conducting the transactions on behalf of Sydbank.

The bank reported that all transactions were made under the ISIN code DKK 0010311471, as stated in the press release.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.