2nd Jul 2018 08:43
Sydbank share buyback programme: transactions in week 26
Sydbank share buyback programme: transactions in week 26
| Nasdaq Copenhagen A/SLondon Stock Exchange Bourse de LuxembourgOther stakeholders Company Announcement No 36/2018 | Peberlyk 46200 AabenraaDenmark Tel +45 74 37 37 37Fax +45 74 37 35 36 Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk |
| 2 July 2018 |
Dear Sirs
Sydbank share buyback programme: transactions in week 26
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 | 1,195,000 | 271,500,360.00 | |
| 25 June 201826 June 201827 June 201828 June 201829 June 2018 | 55,00060,00060,00060,00050,000 | 217.74216.69215.43216.95220.04 | 11,975,700.0013,001,400.0012,925,800.0013,017,000.0011,002,000.00 |
| Total over week 26 | 285,000 | 61,921,900.00 | |
| Total accumulated during the share buyback programme | 1,480,000 | 333,422,260.00 |
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 2,217,407 own shares, equal to 3.28% of the Bank’s share capital. Yours sincerely Karen Frøsig Bjarne LarsenCEO Deputy Group Chief Executive Encl
Attachment
FM 36 UK with enc
© 2018 GlobeNewswire, Inc. All rights reserved.
Related Shares:
Sydbank Ord