Spar Nord Bank A/S (CPSE:SPNO) announces a share repurchase program. Under the program, the company will repurchase up to DKK 300 million worth of shares. The shares may be purchased at price not exceeding the higher of the price of the most recent independent trade on Nasdaq Copenhagen and the price of the highest independent bid on Nasdaq Copenhagen.

The purpose of buyback program is to optimize the bank?s capital structure in accordance with the bank?s capital targets. The repurchase program will be completed no later than January 31, 2024.