AABENRAA, Denmark - Sydbank A/S has announced the latest transactions under its current share buyback program, which was initiated on March 4, 2024, and is set to conclude by January 31, 2025. The program, aimed at reducing the bank's share capital, is in accordance with the Safe Harbour regulations of the European Union.
During the week of December 2-6, 2024, Sydbank repurchased a total of 64,000 shares at an average price of 357.14 DKK per share, amounting to a transaction value of 22.857 million DKK. Since the last update, the aggregate number of shares bought back under the program has reached 3,006,000, with a total investment of 1.058 billion DKK.
The transactions were executed through Danske Bank (CSE:DANSKE) A/S on behalf of Sydbank and were carried out in the ISIN DK 0010311471. Following these transactions, Sydbank now holds 3,006,283 of its own shares, corresponding to 5.50% of the bank's share capital.
The share buyback program is part of a strategic move by Sydbank to optimize its capital structure. The transactions have been reported in compliance with the Market Abuse Regulation of the European Parliament and Council and the EU Commission's delegated regulation.
Investors and stakeholders can access detailed information about the transactions, as per Article 5 of the Market Abuse Regulation, in the attached annex provided by the bank.
This report is based on a press release statement by Sydbank A/S.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.