Sydbank to end share buyback programme

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 70/2018	Peberlyk 4 6200 Aabenraa Denmark   Tel [phone] Fax [phone]   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
14 December 2018

Dear Sirs

Sydbank to end 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 by DKK 750m to a total of DKK 1,250m. The share buyback programme was scheduled to end on or before 31 January 2019.

Under the programme 5,916,954 own shares have been repurchased at a transaction value of approximately DKK 950m. Today the Bank’s total holding of own shares equals 9.85% of the Bank’s total share capital.

The Board of Directors is authorised to purchase 10% of the Bank’s share capital. Consequently the Bank’s Board of Directors has decided to end the current share buyback programme as of today.    

Yours sincerely
                         
Karen Frøsig                                    Bjarne Larsen
CEO                                                 Deputy Group Chief Executive

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• FM 70 UK