Sydbank A/S ( (GB:0MGE) ) has shared an announcement.
Sydbank A/S has announced a new share buyback program valued at DKK 1,350 million, aiming to reduce its share capital by purchasing up to 5,400,000 shares. This initiative is part of the bank’s strategy to optimize its capital structure in line with its capital targets and policy. The program will be managed by Danske Bank A/S and is set to begin on March 3, 2025, concluding by January 31, 2026. The buyback aligns with regulatory compliance under the EU’s Safe Harbour rules and reflects Sydbank’s ongoing efforts to enhance shareholder value and maintain a robust capital position.
More about Sydbank A/S
Sydbank A/S is a financial institution based in Aabenraa, Denmark, focusing on banking services. The company operates within the financial services industry, providing a range of banking products and services.
YTD Price Performance: 10.51%
Average Trading Volume: 36,328
Technical Sentiment Consensus Rating: Sell
Current Market Cap: DKK22.23B
For detailed information about 0MGE stock, go to TipRanks’ Stock Analysis page.