Sydbank share buyback programme: transactions i...

Sydbank share buyback programme: transactions in week 11

                                                                

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

 

Company Announcement No 09/2020

 
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 March 2020  

Dear Sirs

Sydbank share buyback programme: transactions in week 11

On 26 February 2020 Sydbank announced a share buyback programme of DKK 250m. The share buyback commenced on 27 February 2020 and will be completed by 30 September 2020.
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 120,000   15,091,480.00
09 March 2020
10 March 2020
11 March 2020
12 March 2020
13 March 2020
22,000
19,000
22,000
22,000
19,000
112.68
112.80
110.03
100.52
100.31
2,478,960.00
2,143,200.00
2,420,660.00
2,211,440.00
1,905,890.00
Total over week 11 104,000   11,160,150.00
Total accumulated during
the share buyback programme
 

224,000
   

26,251,630.00

                                           
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 2,665,667 own shares, equal to 4.31% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

Attachment

UK 100

Latest directors dealings