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COPENHAGEN - Sydbank A/S (CPSE:SYDB) has repurchased 64,000 of its own shares during the week of June 16-20, 2025, for a total transaction value of 28.3 million Danish kroner, according to a company press release statement.
The Danish bank’s share buybacks were executed at an average purchase price ranging from 436.55 to 455.01 kroner per share during the week. The transactions were part of Sydbank’s ongoing share repurchase program announced on February 26, 2025.
The program, valued at 1.35 billion kroner, 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 1,093,000 shares for approximately 462.8 million kroner.
Following these transactions, Sydbank now holds 1,095,462 of its own shares, representing 2.13% of the bank’s total share capital.
The share repurchase program is being implemented with the intention of reducing Sydbank’s share capital. The buyback is conducted in accordance with the European Union’s Market Abuse Regulation and the EU Commission’s delegated regulation, collectively known as the Safe Harbor rules.
Danske Bank (CSE:DANSKE) A/S is executing the transactions on behalf of Sydbank.
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