AABENRAA, Denmark - Sydbank A/S, the Danish financial institution, has reported transactions from the first week of its ongoing share buyback program. The program, which was announced on February 28, 2024, with an allocation of DKK 1.2 billion, aims to reduce the bank's share capital in accordance with the Safe Harbour rules of the EU.
During the first week of 2025, Sydbank purchased a total of 30,000 shares at an average price of DKK 379.45 per share, amounting to a gross value of DKK 11,423,600. This brings the total accumulated shares bought back under the program to 3,208,000, with a combined value of DKK 1,133,727,400.
These transactions were conducted on the Copenhagen Stock Exchange under ISIN DK 0010311471 by Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank. As a result of the latest buyback operations, Sydbank now holds 3,208,531 of its own shares, which corresponds to 5.87% of the bank's total share capital.
The share buyback initiative is set to conclude by January 31, 2025, and is being carried out in full compliance with the European Union's market abuse regulation and the Commission Delegated Regulation, collectively known as the Safe Harbour rules.
This update on Sydbank's share buyback program is based on a press release statement issued by the company.
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