AABENRAA, Denmark - Sydbank A/S, a Danish financial institution, has made significant progress in its share buyback program, purchasing shares worth DKK 45.8 million during the 14th week of the initiative. The program, which began on March 3, 2025, aims to reduce the bank’s share capital and is expected to conclude by January 31, 2026.
In the latest week of transactions, Sydbank acquired a total of 109,000 shares at varying prices, with the highest volume of 28,000 shares being bought at an average price of DKK 389.97. The buyback program operates under the Safe Harbour rules, ensuring compliance with EU market regulations.
Since the start of the program, Sydbank has accumulated 360,000 shares for a total expenditure of DKK 156.4 million. The bank now holds 3,754,446 of its own shares, which represents 6.87% of its share capital. Transactions were conducted through Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank, with shares traded under ISIN DK 0010311471.
The share buyback is part of a larger DKK 1.35 billion initiative announced by Sydbank on February 26, 2025. This strategic move by the bank is in line with its capital reduction strategy and is executed within the legal framework provided by the European Parliament’s Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.
Details regarding the individual transactions are available as per the market abuse regulation requirements. The information in this article is based on a press release statement from Sydbank A/S.
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