AABENRAA, DENMARK – Sydbank A/S announced the continuation of its share buyback program, with transactions completed in the third week of the initiative. The program, which started on March 4, 2024, aims to reduce the bank’s share capital and should end by January 31, 2025.
During the third week, Sydbank acquired a total of 60,000 shares at an average purchase price of DKK 377.03, which amounts to a transaction value of DKK 22.621 million. This brings the total number of shares purchased since the last announcement to 3,348,000, with a total value of DKK 1.186 billion.
The transactions were carried out in accordance with EU safe harbor regulations, ensuring compliance with market abuse regulations. He made the redemptions possible Danske Bank (CSE:) A/S in the name of Sydbank, including shares listed under ISIN DK 0010311471.
Following recent transactions, Sydbank now holds a total of 3,350,124 treasury shares, equivalent to 6.13% of the bank’s share capital.
The share buyback program is part of Sydbank’s capital reduction strategy, and the bank has been transparent in reporting weekly transactions. Details of the buyout transactions are available in the attachment to the press release.
Investors and stakeholders can monitor the progress of the buyback program as Sydbank continues to provide regular updates in line with regulatory requirements. The bank’s commitment to the program reflects its ongoing efforts to optimize its capital structure for the benefit of its shareholders.
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