Sydbank share buyback programme completed: tran...

Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders   Company Announcement No 57/2019	Peberlyk 4 6200 Aabenraa, Denmark   Tel: [phone] Fax [phone]   Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
20 December 2019

Dear Sirs

Sydbank share buyback programme completed: transactions in week 51

In accordance with Company Announcement No 08/2019 Sydbank announced on 1 May 2019 a share buyback programme of DKK 250m. The share buyback programme was scheduled to end on or before 31 December 2019.

Under the programme 2,077,680 own shares have been repurchased at a transaction value of approx DKK 250m. Therefore as of today the share buyback programme has ended.

The purpose of the share buyback programme has been to reduce the share capital of Sydbank A/S and it has been executed in compliance with 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 Shares	VWAP	Gross value (DKK)
Accumulated, most recent announcement	1,995,000		238,671,270.00
16 December 2019 17 December 2019 18 December 2019 19 December 2019	11,000 20,000 30,000 21,680	132.50 136.10 138.82 137.65	1,457,500.00 2,722,000.00 4,164,600.00 2,984,252.00
Total over week 51	82,680		11,328,352.00
Total accumulated during the share buyback programme	2,077,680		249,999,622.00

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.

Today the Bank’s holding of own shares is equal to 3.96% of the Bank’s total share capital.


Yours sincerely
                         
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

Appendices

Attachment

• FM 57 incl. enc