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Sydbank A/S ( (GB:0MGE) ) has shared an announcement.
Sydbank A/S announced the progress of its share buyback programme, initially launched in March 2024 with the aim of reducing the company’s share capital. The programme, adhering to EU regulations, has accumulated a total buyback of 3,208,000 shares, amounting to 1,133,727,400 DKK by early January 2025, and Sydbank now holds 5.87% of its own shares. This strategic move is expected to enhance shareholder value and optimize the bank’s capital structure.
More about Sydbank A/S
Sydbank A/S is a Danish financial institution primarily engaged in banking services. It focuses on providing various financial products and services to retail and corporate customers in Denmark.
YTD Price Performance: 1.32%
Average Trading Volume: 24,854
Technical Sentiment Consensus Rating: Sell
Current Market Cap: DKK20.32B
See more insights into 0MGE stock on TipRanks’ Stock Analysis page.
