Sydbank A/S ( (GB:0MGE) ) just unveiled an announcement.
Sydbank A/S announced a share buyback program valued at 1.350 billion DKK, initiated on March 3, 2025, and set to conclude by January 31, 2026. The program aims to reduce the company’s share capital and is conducted under EU regulations. In the 11th week of the program, Sydbank repurchased 56,000 shares for a total of 24.7 million DKK, accumulating 119,000 shares repurchased so far. This strategic move is expected to impact the bank’s capital structure and potentially enhance shareholder value.
More about Sydbank A/S
Sydbank A/S is a financial institution based in Aabenraa, Denmark, providing banking services primarily in the Danish market. The bank focuses on offering a wide range of financial products and services to both individual and corporate clients.
YTD Price Performance: 17.54%
Average Trading Volume: 32,018
Technical Sentiment Consensus Rating: Sell
Current Market Cap: DKK23.72B
See more data about 0MGE stock on TipRanks’ Stock Analysis page.