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COPENHAGEN - Danish lender Sydbank A/S (CPH:SYDB) has repurchased 56,000 of its own shares for a total of 24.57 million Danish kroner ($3.3 million) during the week of June 23-27, according to a company statement released Monday.
The transactions were executed as part of Sydbank’s ongoing share buyback program announced on February 26, which aims to repurchase shares worth 1.35 billion Danish kroner ($182 million). The program began on March 3 and will continue until January 31, 2026, at the latest.
The bank purchased the shares at prices ranging from 431.21 to 461.20 Danish kroner per share throughout the week. The daily volume varied between 6,000 and 14,000 shares.
Since the program’s inception, Sydbank has repurchased a total of 1,149,000 shares for approximately 487.37 million Danish kroner ($65.8 million). Following these transactions, the bank now holds 1,149,222 of its own shares, representing 2.24% of its total share capital.
The buyback program is being conducted with the purpose of reducing Sydbank’s share capital and is executed in accordance with the European Union’s Market Abuse Regulation and Safe Harbor rules. Danske Bank (CSE:DANSKE) A/S is handling the transactions on behalf of Sydbank.
The repurchase program represents the bank’s ongoing capital management strategy as outlined in its earlier announcements.
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