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AABENRAA, DENMARK - Sydbank A/S (CPSE:SYDB) has repurchased 46,000 of its own shares for a total of 20.5 million Danish kroner during week 24 as part of its ongoing share buyback program, according to a press release statement.
The Danish bank acquired the shares at an average price ranging between 444.43 and 448.54 kroner per share between Monday and Thursday last week. No purchases were made on June 9, which was a public holiday, or on Friday.
The transactions are part of Sydbank’s 1.35 billion kroner share buyback program announced on February 26, 2025. The program began on March 3, 2025, and will continue until January 31, 2026, at the latest.
Since the program’s inception, Sydbank has repurchased a total of 1,029,000 shares for 434.5 million kroner. Following these transactions, the bank now holds 1,030,375 of its own shares, representing 2.01% of its share capital.
The buyback is being conducted with the intention of reducing Sydbank’s share capital and is being implemented in accordance with the European Union’s Market Abuse Regulation and Safe Harbor rules.
Danske Bank (CSE:DANSKE) A/S is executing the share repurchases on behalf of Sydbank.
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