Sydbank share buyback programme: transactions i...

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 54/2018	Peberlyk 4 6200 Aabenraa Denmark   Tel [phone] Fax [phone]   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
24 September 2018

Dear Sirs

Sydbank share buyback programme: transactions in week 38

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 announcement	3,433,000		749,463,000.00
17 September 2018 18 September 2018 19 September 2018 20 September 2018 21 September 2018	35,000 36,000 35,000 34,000 32,000	185.04 184.74 186.33 188.87 189.74	6,476,400.00 6,650,640.00 6,521,550.00 6,421,580.00 6,071,680.00
Total over week 38	172,000		32,141,850.00
Total accumulated during the share buyback programme	3,605,000		781,604,850.00

                                           
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 4,353,065 own shares, equal to 6.43% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

Attachment

• FM 54 incl enc