Sydbank share buyback programme: transactions i...

Sydbank share buyback programme: transactions in week 29

                                                                

Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
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Company Announcement No 23/2019

 
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

 

 
22 July 2019 

Dear Sirs

Sydbank share buyback programme: transactions in week 29

On 1 May 2019 Sydbank announced a share buyback programme of DKK 250m. The share buyback commenced on 2 May 2019 and will be completed by 31 December 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 announcement665,000 83,711,930.00
15 July 2019
16 July 2019
17 July 2019
18 July 2019
19 July 2019
17,000
16,000
18,000
19,000
19,000
122.79
123.02
120.78
119.34
118.56
2,087,430.00
1,968,320.00
2,174,040.00
2,267,460.00
2,252,640.00
Total over week 2989,000 10,749,890.00
Total accumulated during
the share buyback programme
 

754,000
  

94,461,820.00

                                           
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 1,339,632 own shares, equal to 2.16% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

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