Overview of the Share Buyback Program#
Ringkjøbing Landbobank has announced a new share buyback program valued at up to DKK 400 million. This initiative aims to buy back shares for cancellation, which will be decided at a future general meeting. The program is set to run from today until August 7, 2026, during which the bank plans to acquire up to 500,000 shares.
Purpose and Authorization#
The buyback program is based on authorization received during the bank’s annual general meeting held on March 4, 2026. The primary goal of this program is to adjust the bank’s capital structure, which refers to the way it finances its operations through debt and equity.
Management and Regulations#
Danske Bank has been appointed as the lead manager for this buyback program. They will independently make all trading decisions related to the shares. Importantly, the bank has the flexibility to suspend or halt the buyback at any time if necessary.
The program will adhere to specific conditions set by EU regulations, particularly regulations 596/2014 and 2016/1052, known as the Safe Harbour rules. This means that the maximum price for each share purchased cannot exceed the higher of the latest independent transaction price or the highest bid from an independent buyer on Nasdaq Copenhagen at the time of purchase.
Purchase Limitations and Reporting#
Daily purchases under this program are limited to 25% of the average daily trading volume over the previous 20 trading days on Nasdaq Copenhagen. To keep investors informed, Ringkjøbing Landbobank will issue weekly announcements detailing the number and value of shares purchased, providing both aggregated and detailed information.
This announcement follows a previous corporate update released on April 29, 2026.