COPENHAGEN -
Ringkjøbing Landbobank has progressed with its ongoing share buyback program, executing part II of the initiative, which is set to run until January 27, 2025. This part of the program, aimed at purchasing shares worth DKK 775 million, began on June 28, 2024, following the completion of part I, which totaled DKK 750 million.
During the week of December 16-20, the bank bought back a total of 21,800 shares at an average price of DKK 1,198.26, amounting to DKK 26,145,463. This brings the total purchased under part II of the program to 594,807 shares at an average price of DKK 1,124.91, amounting to DKK 669,105,143. Overall, the bank has acquired 1,226,707 shares at an average price of DKK 1,156.80, totaling DKK 1,419,058,543 under the entire buyback program to date.
As a result, Ringkjøbing Landbobank now holds 4.6% of its own shares, excluding the bank’s trading portfolio and customer investments. The transactions have been carried out in accordance with the EU Commission Regulation No. 596/2014 and the EU Commission Delegated Regulation No. 2016/1052, known as the "Safe Harbour" rules.
The detailed transactions made under the program have been reported in accordance with the regulations, providing transparency to the bank's activities in the stock market. This information is based on a press release statement from Ringkjøbing Landbobank.
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