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COPENHAGEN - Sydbank A/S (COPENHAGEN:SYDB) purchased 60,000 of its own shares during the past week as part of its ongoing share repurchase program, according to a statement released by the bank on Monday.
The transactions, executed between September 29 and October 3, were completed at an average price range of DKK 506.16 to DKK 511.65 per share, with a total expenditure of approximately DKK 30.56 million for the week.
The Danish bank has now repurchased a total of 1,952,000 shares since the program began on March 3, representing a cumulative investment of DKK 885.33 million. Following these transactions, Sydbank holds 1,953,705 of its own shares, equivalent to 3.81% of the company’s total share capital.
The current buyback program, announced on February 26, has a total allocation of DKK 1.35 billion and is scheduled to continue until January 31, 2026. The primary objective of the share repurchase initiative is to reduce Sydbank’s share capital.
All transactions were conducted through Danske Bank A/S and executed in compliance with the European Union’s Market Abuse Regulation and Safe Harbour rules, according to the press release statement.
The repurchases were made under the ISIN code DKK 0010311471.
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