Sydbank share buyback programme: transactions in week 44

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Company Announcement No 63/2018

Peberlyk 4
6200 Aabenraa
Denmark

Tel +45 74 37 37 37
Fax +45 74 37 35 36

Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

5. November 2018  

Dear Sirs

Sydbank share buyback programme: transactions in week 44

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:

  Number
of shares
VWAP Gross value
(DKK)
Accumulated, most recent announcement 4,563,000   955,835,950.00
29 October 2018
30 October 2018
31 October 2018
01 November 2018
02 November 2018
40,000
47,000
50,000
46,000
45,000
180.10
174.48
154.88
151.68
158.07
7,204,000.00
8,200,560.00
7,744,000.00
6,977,280.00
7,113,150.00
Total over week 44 228,000   37,238,990.00
Total accumulated during
the share buyback programme
 

4,791,000

   

993,074,940.00

                                                       
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 5,536,415 own shares, equal to 8.18% of the Bank’s share capital.

Yours sincerely
                                
Karen Frøsig                                      Bjarne Larsen
CEO                                                  Deputy Group Chief Executive

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