AABENRAA, Denmark - Sydbank A/S has reported further transactions under its current share buyback program, which commenced on March 4, 2024. The bank disclosed the acquisition of 73,000 shares during the week of November 18-22, representing an investment of DKK 25.9 million.
This latest round of buybacks is part of a larger DKK 1.2 billion program announced on February 28, 2024, and is set to conclude by January 31, 2025. The purpose of the program is to reduce Sydbank's share capital. The buyback scheme is conducted in accordance with the EU Market Abuse Regulation and the Safe Harbour rules.
The transactions carried out in the week resulted in an average volume-weighted purchase price ranging from DKK 351.82 to DKK 358.02 per share. Since the start of the program, Sydbank has accumulated a total of 2,871,000 shares for a gross value of DKK 1.01 billion.
At the conclusion of the week's transactions, Sydbank holds a total of 2,872,080 own shares, which corresponds to 5.26% of the bank's share capital. The shares were purchased through Danske Bank (CSE:DANSKE) A/S, which acted on behalf of Sydbank.
The bank's share buyback transactions are detailed in accordance with Article 5 of the EU Market Abuse Regulation and the related Commission delegated regulation. This information is based on a press release statement from Sydbank A/S.
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