Picture of Ringkjoebing Landbobank A/S logo

RILBA Ringkjoebing Landbobank A/S News Story

0.000.00%
dk flag iconLast trade - 00:00
FinancialsBalancedLarge CapMomentum Trap

REG-Implementation of share buyback programme

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250602:nGNE3MKpln&default-theme=true


Nasdaq Copenhagen
Euronext Dublin 
London Stock Exchange
Danish FSA
Other stakeholders



Date    2 June 2025



Implementation of share buyback programme

In accordance with the corporate announcement of 30 April 2025, the bank will
implement a new share buyback programme of DKK 1,000 million for cancellation
at a future general meeting.

The share buyback programme is based on the general authority which the
bank’s annual general meeting of 5 March 2025 granted to the board of
directors, enabling the bank to acquire its own shares.

The share buyback programme runs in the period 2 June 2025 up to and including
30 January 2026.

During the period the bank will thus buy back its own shares for a total of up
to DKK 1,000 million under the programme, but to a maximum of 1,600,000
shares.

The share buyback programme will be implemented in compliance with Regulation
(EU) No 596/2014 of the European Parliament and of the Council of 16 April
2014 and Commission Delegated Regulation (EU) No 2016/1052 of 8 March 2016,
which together constitute the Safe Harbour rules.

The bank may suspend or stop the buyback of shares at any time, in which event
a corporate announcement will be issued.

The conditions for the share buyback programme are as follows:
* The purpose of the share buyback is to adjust the bank’s capital
structure. 


* Ringkjøbing Landbobank has appointed Danske Bank lead manager of the share
buyback programme. Danske Bank will make all trading decisions independently,
without influence from Ringkjøbing Landbobank, and will purchase shares
within the published limits. 


* The maximum amount that Ringkjøbing Landbobank may pay for shares purchased
under the programme is DKK 1,000 million, while the maximum number of shares
which it may acquire under the programme is 1,600,000. 


* Ringkjøbing Landbobank may not purchase shares at a price exceeding the
higher of (i) the price of the latest independent transaction; or (ii) the
highest bid from an independent buyer on Nasdaq Copenhagen at the time of the
transaction. 


* The total number of shares that Ringkjøbing Landbobank may purchase on a
single trading day cannot exceed 25% of the average daily traded volume over
the preceding 20 trading days on Nasdaq Copenhagen. 


* Ringkjøbing Landbobank will issue a separate weekly announcement to Nasdaq
Copenhagen, in both aggregated and detailed form, stating the number and value
of the shares it has purchased.
Kind regards

Ringkjøbing Landbobank

John Fisker
CEO

Attachment
*     Aktietilbagekøbsprogram 2025 igangsætning II EN
(https://ml-eu.globenewswire.com/Resource/Download/67485ee5-a9f8-4f1c-85d1-62ef246af54a)

Recent news on Ringkjoebing Landbobank A/S

See all news