Sydbank share buyback programme: transactions i...

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 09/2020	Peberlyk 4 6200 Aabenraa Denmark   Tel [phone] Fax [phone]   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

• FM 09 incl enc