AABENRAA, Denmark - Sydbank A/S has announced the completion of a series of transactions under its current stock buyback program during the 50th week of the year. The program, which was launched on March 4, 2024, with an allocation of 1.2 billion Danish kroner, is aimed at reducing the bank's share capital and is set to conclude by January 31, 2025.
The buyback transactions for the week totaled 63,000 shares at an average purchase price of 372.77 Danish kroner per share, amounting to a transaction value of 23.48 million Danish kroner. Since the last announcement, the accumulated transactions under the program have reached 3,069,000 shares, with a total value of approximately 1.08 billion Danish kroner.
The transactions were carried out in accordance with the "Safe Harbour" rules of the European Parliament and Council Regulation (EU) No 596/2014 of April 16, 2014, and the EU Commission's Delegated Regulation (EU) 2016/1052 of March 8, 2016. Danske Bank (CSE:DANSKE) A/S executed the trades on behalf of Sydbank A/S.
Following the recent transactions, Sydbank now holds a total of 3,069,283 of its own shares, which corresponds to 5.62% of the bank's share capital. The shares are traded under the ISIN code DK 0010311471.
This information is based on a press release statement by Sydbank A/S. The detailed data regarding the individual transactions conducted under the buyback program is available in the attached annex to the press release.
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