Sydbank share buyback programme: transactions i...

Sydbank share buyback programme: transactions in week 18

                                                                

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

 

Company Announcement No 25/2018

 
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

 

 
7 May 2018 

Dear Sirs

Sydbank share buyback programme: transactions in week 18

On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m. The share buyback commenced on 21 February 2018 and will be completed by 31 December 2018.
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
 

620,000
  

143,082,960.00
30 April 2018
01 May 2018
02 May 2018
03 May 2018
04 May 2018
11,000
10,000
11,000
14,000
10,000
230.64
227.90
230.26
228.60
229.26
2,537,040.00
2,279,000.00
2,532,860.00
3,200,400.00
2,292,600.00
Total over week 1856,000 12,841,900.00
Total accumulated during
the share buyback programme
 

676,000
  

155,924,860.00

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 1,407,121 own shares, equal to 2.08% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive
Encl

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