Share buyback at Sydbank terminated – tra...

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 11/2020	Peberlyk 4 6200 Aabenraa, Denmark   Tel [phone] Fax [phone]   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
23 March 2020

Dear Sirs
Share buyback at Sydbank terminated – transactions in week 12

In Company Announcement No 03/2020 Sydbank announced a share buyback programme of DKK 250m on 26 February 2020. The share buyback programme was scheduled to end by 30 September 2020.

In Company Announcement No 10/2020 the share buyback programme was terminated on 17 March 2020 as the Bank’s Board of Directors for reasons of prudence did not wish to continue with the programme as the economic impact of covid-19 is uncertain. Under the programme 279,000 own shares have been repurchased at a transaction value of DKK 31,324,580m.

The following transactions have been made under the share buyback programme:

	Number Shares	VWAP	Gross value (DKK)
Accumulated, most recent announcement	224,000		26,251,630.00
16 March 2020 17 March 2020	30,000 25,000	91.64 92.95	2,749,200.00 2,323,750.00
Total over week 12	55,000		5,072,950.00
Total accumulated during the share buyback programme	279,000		31,324,580.00

All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and the Commission delegated regulation, is available in the attachment.

Yours sincerely
                         
Karen Frøsig                                      Bjarne Larsen
CEO                                                 Deputy Group Chief Executive

Appendices

Attachment

• FM 11 incl enc