AABENRAA, Denmark - Sydbank A/S has announced the latest transactions in its ongoing share buyback program, which commenced on March 4, 2024, and is scheduled to conclude by January 31, 2025. The program, which was initially publicized on February 28, 2024, involves the repurchase of shares worth 1.2 billion DKK with the aim of reducing the company's share capital.
In the second week of the year, Sydbank acquired 80,000 shares at an average purchase price, resulting in a total transaction value of 29.9 million DKK. This brings the cumulative total under the buyback program to 3.288 million shares, amounting to 1.164 billion DKK.
The transactions were conducted through Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank A/S and were carried out in compliance with the Safe Harbour regulations established by the European Parliament and Council Regulation (EU) No 596/2014 of April 16, 2014, and the EU Commission's Delegated Regulation (EU) 2016/1052 of March 8, 2016.
Following the transactions from the past week, Sydbank now holds a total of 3,288,283 of its own shares, representing 6.02% of the bank's share capital. The shares were traded under the ISIN code DK 0010311471.
The details of the transactions are available in the attached annex, pursuant to Article 5 of the European Parliament and Council Regulation (EU) No 596/2014 on market abuse and the Commission's Delegated Regulation.
This update is based on a press release statement from Sydbank A/S.
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