Sydbank said on Monday it has terminated its 1.35 billion Danish Kroner share buyback program, citing a recently announced merger agreement.
The Danish lender is set to merge with Arbejdernes Landsbank and Vestjysk Bank, prompting the halt of the capital return plan.
The program, which began in February 2025, was ended after the company had repurchased shares totaling 1 billion Danish Kroner, according to a regulatory filing.
In total, 2,172,000 shares have been repurchased under the now-terminated program.
Sydbank said it will propose reducing the company's share capital by the number of shares purchased at an extraordinary general meeting on December 4.
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