Sydbank share buyback programme: transactions i...

Sydbank share buyback programme: transactions in week 28

                                                                

Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
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Company Announcement No 38/2018

 
Peberlyk 4
6200 Aabenraa
Denmark

 

Tel +45 74 37 37 37
Fax +45 74 37 35 36

 

Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

 

 
16 July 2018 

Dear Sirs

Sydbank share buyback programme: transactions in week 28

On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m and on 22 June the programme was increased to DKK 1,250m. The share buyback commenced on 21 February 2018 and will be completed by 31 January 2019.
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 announcement1,733,000 389,224,170.00
09 July 2018
10 July 2018
11 July 2018
12 July 2018
13 July 2018
45,000
40,000
30,000
28,000
25,000
223.93
227.78
226.64
228.77
227.11
10,076,850.00
9,111,200.00
6,799,200.00
6,405,560.00
5,677,750.00
Total over week 28168,000 38,070,560.00
Total accumulated during
the share buyback programme
 

1,901,000
  

427,294,730.00

                                           
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 2,634,706 own shares, equal to 3.89% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

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