Sydbank A/S Advances Share Buyback Program

Sydbank A/S (GB:0MGE) has released an update.

Sydbank A/S has reported the recent execution of their share buyback program initiated on February 28, 2024, with the aim of reducing the company’s share capital. Throughout week 41, the bank purchased a total of 83,000 shares at a gross value of approximately DKK 27 million, contributing to a total accumulation of 2,419,000 shares bought back under the program. Following these transactions, Sydbank now holds 4.43% of its own shares, signaling a strategic move to consolidate share value.

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