Aabenraa, Denmark, 2018-03-05 10:20 CET (GLOBE NEWSWIRE) --
On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m.
The share buyback commenced on 21 February 2018 and will be completed by 31
December 2018.
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 46,000 10,984,810.00
recent announcement
26 February 2018 13,000 12,000 242.31 239.31 3,150,030.00 2,871,720.00
27 February 2018 11,000 12,000 239.66 237.96 2,636,260.00
28 February 2018 13,000 233.10 2,855,520.00
01 March 2018 3,030,300.00
02 March 2018
Total over week 09 61,000 14,543,830.00
Total accumulated 107,000 25,528,640.00
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 3,578,733 own
shares, equal to 5.09% of the Bank's share capital.
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=667024© 2018 GlobeNewswire
