10th Apr 2015 17:25
Sydbank A/S / Miscellaneous 10.04.2015 17:25 Dissemination of a Regulatory Announcement, transmitted byDGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Aabenraa, Denmark, 2015-04-10 17:25 CEST (GLOBE NEWSWIRE) --Sydbank has decided to launch a share buyback programme of DKK 500m with thepurpose of reducing the Bank's share capital with the shares bought under theprogramme. Using the closing price on Thursday 9 April 2015 this equals about 2.2m shares. The share buyback is part of the capital adjustment to optimise the Bank'scapital structure in accordance with the Bank's capital targets and capitalpolicy published in the Bank's 2014 Annual Report. The share buyback programme will be initiated on Monday 13 April 2015 and willbe completed by 31 December 2015. Sydbank has chosen Danske Bank to manage thebuyback which will be executed in compliance with the European Commission'sRegulation No 2273/2003 of 22 December 2003, known as the Safe HarbourRegulation. The share buyback programme will be subject to the following guidelines: -- On each trading day shares purchased may not exceed 25% of the average daily volume traded in the preceding 20 trading days. -- Shares may not be bought at a price above the higher of: -- the price of the most recent independent trade on Nasdaq Copenhagen -- the price of the highest independent bid on Nasdaq Copenhagen. On the first banking day of each week Sydbank will state the number and valueof repurchased shares in a company announcement. Sydbank may suspend or end the share buyback programme at any time. In suchcase this will be announced in a company announcement to Nasdaq Copenhagen. Click on, or paste the following link into your web browser, to view theassociated documents https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=511410 News Source: NASDAQ OMX 10.04.2015 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Sydbank A/S DenmarkPhone: Fax: E-mail: Internet: ISIN: DK0010311471Category Code: MSCTIDM: 0G6USequence Number: 2596Time of Receipt: Apr 10, 2015 17:25:05 End of Announcement DGAP News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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