Ringkjøbing Landbobank A/S commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 1, 2023.
On August 2, 2023, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 1,000,000 shares for DKK 385 million. The shares may not be purchased at a price exceeding the higher of the price of the latest independent transaction and the highest bid from an independent buyer on Nasdaq Copenhagen at the time of the transaction. The purpose of the share buyback is to adjust the bank?s capital structure. The shares repurchased will be cancelled. The repurchases will commence on August 3, 2023 and will expire on January 22, 2024.