Sydbank share buyback programme: transactions i...

Sydbank share buyback programme: transactions in week 39

                                                                

Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
Other stakeholders

 

Company Announcement No 56/2018

 
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

 

 
1 October 2018 

Dear Sirs

Sydbank share buyback programme: transactions in week 39

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 announcement3,605,000 781,604,850.00
24 September 2018
25 September 2018
26 September 2018
27 September 2018
28 September 2018
30,000
30,000
30,000
35,000
35,000
188.96
190.72
193.21
189.04
188.46
5,668,800.00
5,721,600.00
5,796,300.00
6,616,400.00
6,596,100.00
Total over week 39160,000 30,399,200.00
Total accumulated during
the share buyback programme
 

3,765,000
  

812,004,050.00

                                                       
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 4,511,348 own shares, equal to 6.67% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

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