Sydbank A/S (GB:0MGE) has released an update.
Sydbank A/S has announced the implementation of a share buyback program worth 1.2 billion DKK, which commenced on March 4, 2024, and is set to conclude by January 31, 2025. The purpose of the program is to reduce the bank’s share capital, and it is being conducted in compliance with the EU’s Market Abuse Regulation. As part of the program, transactions in week 27 resulted in the acquisition of 57,000 shares for a total value of 21.08 million DKK, bringing Sydbank’s total ownership to 1,251,697 shares, corresponding to 2.29% of its share capital.
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