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Sydbank Approves 2024 Annual Report and Announces Board Changes

Story Highlights
  • Sydbank approved a dividend of 26.88 DKK per share and donated 18 million DKK to its foundation.
  • The bank reduced its share capital and appointed new board members, including a new auditor.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sydbank Approves 2024 Annual Report and Announces Board Changes

The latest update is out from Sydbank A/S ( (GB:0MGE) ).

At the recent annual general meeting, Sydbank approved the 2024 annual report and the board’s proposal for profit allocation, resulting in a dividend of 26.88 DKK per share and an 18 million DKK donation to the Sydbank Foundation. Significant changes were made to the board, including the election of new members and the approval of a reduction in share capital by 33.8 million DKK. Additionally, PwC was appointed as the auditor for both financial and sustainability reporting, and the board’s authorization to acquire up to 10% of the bank’s share capital was renewed.

More about Sydbank A/S

Sydbank A/S is a financial institution based in Denmark, primarily engaged in providing banking services. The company focuses on offering a wide range of financial products and services, including personal and business banking solutions, investment services, and asset management. Sydbank is known for its commitment to sustainability and innovation within the banking industry.

YTD Price Performance: 18.63%

Average Trading Volume: 31,887

Technical Sentiment Consensus Rating: Sell

Current Market Cap: DKK23.92B

For detailed information about 0MGE stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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