Ringkjøbing Landbobank A/S (CPSE:RILBA) commences share repurchases on August 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 1, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The program will be valid until the next Annual General Meeting.

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.