Sydbank share buyback programme: transactions i...

On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m. The share buyback commenced on 21 February 2018 and will be completed by 31 December 2018.

The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

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

	Number  of shares	VWAP	Gross value (DKK)
Accumulated, most recent announcement	46,000		10,984,810.00
26 February 2018   27 February 2018 28 February 2018 01 March 2018 02 March 2018	13,000 12,000 11,000 12,000 13,000	242.31 239.31 239.66 237.96 233.10	3,150,030.00  2,871,720.00  2,636,260.00 2,855,520.00 3,030,300.00
Total over week 09	61,000		14,543,830.00
Total accumulated during  the share buyback  programme	107,000		25,528,640.00

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.

Following the above transactions, Sydbank holds a total of 3,578,733 own shares, equal to 5.09% of the Bank's share capital.

FM 07 incl. enc

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sydbank A/S via Globenewswire