Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
AABENRAA, Denmark – Sydbank A/S, the Danish financial services group, has reported transactions for the third week of its ongoing share buyback program, which aims to reduce the company’s share capital. The buyback plan, which started on March 4, 2024, follows the guidelines of the European Union’s Safe Harbor regulations and is scheduled to end on January 31, 2025.
In the third week, Sydbank repurchased a total of 60,000 shares at a total price of DKK 375.41 to DKK 378.83, equal to a total value of DKK 22,621,200. This brings the total number of accumulated shares purchased under the program to 3,348,000, with a combined value of DKK 1,186,257,800.
Transactions were made on the Nasdaq Copenhagen stock exchange under ISIN DK 0010311471, by Danske Bank (CSE:) A/S representing Sydbank A/S. After this recent acquisition, Sydbank now has a total of 3,350,124 of its shares, which corresponds to 6.13% of the bank’s total assets.
The share buyback program started on February 28, 2024, and has a total allocation of DKK 1,200 million. The program is being implemented within the regulatory framework set by the EU’s Market Abuse Regulation and Commission Regulation, which ensures compliance with market abuse and transparency rules.
This update is based on a press release from Sydbank A/S.
This article was created with the support of AI and reviewed by the editor. For more details, see our T&C.
