19 Mar 2018 09:01
Sydbank share buyback programme: Transactions in week 11
Sydbank share buyback programme: Transactions in week 11
| Nasdaq Copenhagen A/SLondon Stock Exchange Bourse de LuxembourgOther stakeholders Company Announcement No 13/2018 | Peberlyk 46200 AabenraaDenmark Tel +45 74 37 37 37Fax +45 74 37 35 36 Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk |
| 19 March 2018 |
Dear Sirs
Sydbank share buyback programme: transactions in week 11
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:
| Numberof shares | VWAP | Gross value(DKK) | |
| Accumulated,most recent announcement | 157,000 | 37,359,400.00 | |
| 12 March 201813 March 201814 March 201815 March 201816 March 2018 | 8,0007,0007,00018,00018,000 | 236.69239.97237.49226.70229.10 | 1,893,520.001,679,790.001,662,430.004,080,600.004,123,800.00 |
| Total over week 11 | 58,000 | 13,440,140.00 | |
| Total accumulated during the share buyback programme | 215,000 | 50,799,540.00 |
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 3,685,064 own shares, equal to 5.24% of the Bank’s share capital. Yours sincerely Karen Frøsig Bjarne LarsenCEO Deputy Group Chief Executive Encl
FM 13 incl enc.
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