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Jyske Bank completes share buyback program

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Jyske Bank completes share buyback program

Jyske Bank A/S concluded a 1 billion Danish kroner share repurchase program launched July 1, it said Dec. 30.

The program was initially announced for an amount of 500 million kroner and then raised to 1 billion kroner in August, the bank noted.

Jyske Bank repurchased a total of 3,238,215 shares at a volume-weighted average price of 308.81 kroner apiece, and it now owns 5,880,955 treasury shares, equivalent to 6.19% of its total share capital.

As of Dec. 29, US$1 was equivalent to 7.09 Danish kroner.