Group 1: Outlook for 2026 - AL Sydbank projects moderate growth in the Danish economy for 2026, with profit after tax expected to be in the range of DKK 3,500-4,000 million, assuming the Danish central bank maintains the certificate of deposit rate [1] Group 2: Share Buyback Program - The Board of Directors has approved a share buyback program amounting to DKK 1,100 million, aimed at reducing the Bank's share capital [2] - The share buyback program will commence on March 2, 2026, and is scheduled to be completed by January 31, 2027 [3] - Danske Bank A/S has been selected to manage the share buyback program, which will adhere to the Safe Harbour rules as per EU regulations [4] Group 3: Purchase Guidelines - Shares will not be purchased at a price exceeding the higher of the last independent trade price or the highest current independent purchase bid on the trading venue [5] - Daily purchases will be limited to 25% of the average daily volume of shares traded in the preceding 20 trading days [5] - AL Sydbank will disclose the number and value of repurchased shares every week on the first banking day [5] Group 4: Program Flexibility - AL Sydbank reserves the right to suspend or terminate the share buyback program at any time, with such decisions to be announced publicly [6]
Outlook for 2026 and new share buyback
Globenewswire·2026-02-25 06:53