Gold prices steady amid Fed rate cut hopes; Trump-Putin talks awaited
COPENHAGEN - Sydbank A/S (CPH:SYDB) announced Monday it has repurchased 39,000 of its own shares for a total of DKK 18.3 million during the week of July 1-4, 2025, as part of its ongoing share buyback program.
The Danish bank purchased the shares at prices ranging from DKK 466.63 to DKK 474.39 per share, according to a press release statement. The transactions were executed by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank.
Following these transactions, Sydbank now holds 1,188,432 of its own shares, representing 2.32% of the bank’s total share capital.
The buybacks are part of Sydbank’s DKK 1.35 billion share repurchase program announced on February 26, 2025. The program commenced 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 1,188,000 shares for approximately DKK 505.7 million.
The bank stated that the purpose of the share buyback program is to reduce its share capital. The program is being 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.
All transactions were carried out in the ISIN DK 0010311471 on the Copenhagen Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.