Aabenraa, Denmark, 2017-10-23 09:51 CEST (GLOBE NEWSWIRE) --
On 1 March 2017 Sydbank announced a share buyback programme of DKK 664m. The
share buyback commenced on 2 March 2017 and will be completed by 31 December
2017.
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:
Number of VWAP Gross value (DKK) shares Accumulated, most 2,013,600 497,378,706.00 recent announcement 16 October 2017 20,000 17,000 249.35 249.18 4,987,000.00 4,236,060.00 17 October 2017 15,000 18,000 251.25 249.71 3,768,750.00 18 October 2017 15,000 251.94 4,494,780.00 19 October 2017 3,779,100.00 20 October 2017 Total over week 42 85,000 21,265,690.00 Total accumulated 2,098,600 518,644,396.00 during the share buyback programme
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 2,903,500 own shares, equal to 4.13% of the Bank's share capital.
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=649153
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:
Number of VWAP Gross value (DKK) shares Accumulated, most 2,013,600 497,378,706.00 recent announcement 16 October 2017 20,000 17,000 249.35 249.18 4,987,000.00 4,236,060.00 17 October 2017 15,000 18,000 251.25 249.71 3,768,750.00 18 October 2017 15,000 251.94 4,494,780.00 19 October 2017 3,779,100.00 20 October 2017 Total over week 42 85,000 21,265,690.00 Total accumulated 2,098,600 518,644,396.00 during the share buyback programme
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 2,903,500 own shares, equal to 4.13% of the Bank's share capital.
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=649153