Sydbank A/S (GB:0MGE) has released an update.
Sydbank A/S has embarked on a share buyback program with an end goal of DKK 1.2 billion to be completed by January 31, 2025, aimed at reducing its share capital in compliance with EU regulations. In week 36, the bank purchased 94,000 shares at a gross value of DKK 31.975 million, bringing the total acquired to 1.985 million shares since the program’s inception. Post these transactions, Sydbank’s own shareholding stands at 3.68% of its total share capital.
For further insights into GB:0MGE stock, check out TipRanks’ Stock Analysis page.
