Sydbank share buyback programme: transactions i...

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 50/2019	Peberlyk 4 6200 Aabenraa Denmark   Tel [phone] Fax [phone]   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
11 November 2019

Dear Sirs

Sydbank share buyback programme: transactions in week 45

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 announcement	1,699,000		200,059,610.00
04 November 2019 05 November 2019 06 November 2019 07 November 2019 08 November 2019	7,000 8,000 6,000 5,000 6,000	131.11 133.11 134.99 136.06 134.73	917,770.00 1,064,880.00 809,940.00 680,300.00 808,380.00
Total over week 45	32,000		4,281,270.00
Total accumulated during the share buyback programme	1,731,000		204,340,880.00

                                           
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 2,099,550 own shares, equal to 3,40% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

Attachment

• FM 50 incl. enc