AABENRAA, Denmark - Sydbank A/S has reported transactions under its current share buyback program for week 14, as part of a plan to reduce the bank’s share capital. The program, which began on March 3, 2025, will run until January 31, 2026, and involves a total expenditure of 1.35 billion Danish kroner.
During the week, Sydbank purchased 109,000 shares at an average price of 433.49 Danish kroner per share, amounting to a transaction value of 45.8 million kroner. Since the start of the program, the bank has acquired 360,000 shares for a total cost of 156.4 million kroner.
The transactions were conducted by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank and were in accordance with the Market Abuse Regulation of the European Union and the Commission Delegated Regulation, collectively known as the Safe Harbour rules.
Following the latest transactions, Sydbank now holds a total of 3,754,446 treasury shares, which represents 6.87% of the bank’s total share capital.
This information is based on a press release statement from Sydbank A/S. The share buyback program is part of a strategic move to optimize the bank’s capital structure. Sydbank’s actions reflect a broader trend in the financial industry where institutions are actively managing their capital through share repurchases.
Investors and market observers often view share buyback programs as a signal of a company’s confidence in its financial stability and future prospects. By reducing the number of shares outstanding, such programs can also potentially increase earnings per share and return on equity for remaining shareholders.
The bank has committed to conducting the buyback in compliance with regulatory requirements, ensuring transparency and fairness in the process. The detailed transactions have been made available in accordance with regulatory disclosure obligations.
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