17 Sep 2018 09:20
Sydbank share buyback programme: transactions in week 37
Sydbank share buyback programme: transactions in week 37
| Nasdaq Copenhagen A/SLondon Stock Exchange Bourse de LuxembourgOther stakeholders Company Announcement No 51/2018 | Peberlyk 46200 AabenraaDenmark Tel +45 74 37 37 37Fax +45 74 37 35 36 Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk |
| 17 September 2018 |
Dear Sirs
Sydbank share buyback programme: transactions in week 37
On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m and on 22 June the programme was increased to DKK 1,250m. The share buyback commenced on 21 February 2018 and will be completed by 31 January 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:
| Numberof shares | VWAP | Gross value(DKK) | |
| Accumulated, most recent announcement | 3,248,000 | 715,292,390.00 | |
| 10 September 201811 September 201812 September 201813 September 201814 September 2018 | 38,00037,00039,00036,00035,000 | 185.02183.51184.47186.05184.51 | 7,030,760.006,789,870.007,194,330.006,697,800.006,457,850.00 |
| Total over week 37 | 185,000 | 34,170,610.00 | |
| Total accumulated during the share buyback programme | 3,433,000 | 749,463,000.00 |
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 4.181.813 own shares, equal to 6.18% of the Bank’s share capital. Yours sincerely Karen Frøsig Bjarne LarsenCEO Deputy Group Chief Executive
Attachment
FM 51 UK incl enc
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