Sydbank share buyback programme: transactions i...

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 72/2018	Peberlyk 4 6200 Aabenraa Denmark   Tel [phone] Fax [phone]   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
17 December 2018

Dear Sirs

Sydbank share buyback programme: transactions in week 50

Termination of share buyback programme

On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m. On 22 June 2018 the share buyback programme was increased to DKK 1,250m. The share buyback programme commenced on 21 February 2018 and was scheduled to end on or before 31 January 2019.

On 14 December 2018 Sydbank released Company Announcement 71/2018 announcing its decision to end the current share buyback programme. As a consequence of the decision the final trading day under the share buyback programme was 13 December 2018.

The purpose of the share buyback programme has been to reduce the share capital of Sydbank A/S and the programme has been 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	5,817,000		1,158,706,480.00
10 December 2018 11 December 2018 12 December 2018 13 December 2018	30,000 28,000 20,000 21,954	158.63 161.69 161.23 160.52	4,758,900.00 4,527,320.00 3,224,600.00 3,524,056.08
Total over week 50	99,954		16,034,876.08
Total accumulated during the share buyback programme	5,916,954		1,174,741,356.08

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 6,664,497 own shares, equal to 9.85% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

Encl

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• FM 72 incl enc