AABENRAA (Denmark) – Sidbank A/S has announced the latest transactions under its share buyback program, which is scheduled to begin on March 4, 2024 and end by January 31, 2025. The program aims to reduce the bank’s share capital and will be implemented in accordance with the European Union’s safe harbor regulations.
In the first week of this year, the bank acquired 30,000 shares at an average purchase price of 379.12 DKK, bringing the total transaction amount to 11.4 million DKK. With these recent transactions, Sidbank has accumulated a total of 3,208,000 shares under its share buyback program, representing an investment of DKK 1.13 billion.
The share buyback plan was first announced on February 28, 2024, with a total allocation of DKK 1.2 billion. All transactions were performed through danske bank (CSE:) A/S on behalf of Sydbank A/S and involves the shares identified under ISIN DK 0010311471.
Following the latest transaction, Sidbank now owns a total of 3,208,531 shares in the company, representing 5.87% of the bank’s share capital.
The share buyback program is part of the Bank’s capital reduction strategy and is in compliance with the regulations set out by Regulation (EU) No 596/2014 of the European Parliament and of the Council and Delegated Regulation (EU) 2016/1052 of the European Commission (collectively “Safe”). Port rules.
This information is based on press release statements and is intended to provide shareholders and the investment community with transparent and up-to-date information on the bank’s capital management activities.
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