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Sydbank A/S ( (GB:0MGE) ) has issued an update.
Sydbank A/S announced its ongoing share buyback program, initially declared in February 2024, with a total value of DKK 1,200 million, which will conclude by the end of January 2025. As part of this program, Sydbank has repurchased 179,000 shares over the past week, accumulating a total of 3,148,000 shares, representing 5.76% of the bank’s share capital. The purpose of the buyback is to reduce the share capital, aligning with the Safe Harbour rules, and these transactions were facilitated by Danske Bank A/S.
More about Sydbank A/S
Sydbank A/S is a financial services company based in Denmark, focusing on banking services and related financial products. It operates within the banking industry and aims to serve a diverse range of clients in the Danish market.
YTD Price Performance: 31.41%
Average Trading Volume: 20,159
Technical Sentiment Consensus Rating: Sell
Current Market Cap: DKK18.96B
See more data about 0MGE stock on TipRanks’ Stock Analysis page.
