18th Dec 2023 09:12
Sydbank share buyback programme: transactions in week 50
| Company Announcement No 44/2023 | Peberlyk 46200 AabenraaDenmarkTel +45 74 37 37 37Fax +45 74 37 35 36Sydbank A/SCVR No DK 12626509, Aabenraasydbank.dk |
| 18 December 2023 |
Dear Sirs
Sydbank share buyback programme: transactions in week 50On 6 July 2023 Sydbank announced a share buyback programme of DKK 600m. The share buyback programme commenced on 10 July 2023 and will be completed by 31 January 2024.
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 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 | 1,761,800 | 556,711,348.00 | |
| 11 December 202312 December 202313 December 202314 December 202315 December 2023 | 22,00022,00022,00019,00019,000 | 287.71286.66284.43288.75291.41 | 6,329,620.006,306,520.006,257,460.005,486,250.005,536,790.00 |
| Total over week 50 | 104,000 | 29,916,640.00 | |
| Total accumulated during the share buyback programme | 1,865,800 | 586,627,988.00 |
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 Commission delegated regulation, is available in the attachment.
Following the above transactions, Sydbank holds a total of 1,875,763 own shares, equal to 3.32% of the Bank’s share capital.Yours sincerely Karen Frøsig Jørn Adam MøllerCEO Deputy Group Chief Executive
Attachment
SM 44 UK incl. enc
Related Shares:
Sydbank Ord