|Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
Company Announcement No 63/2018
Tel +45 74 37 37 37
|5. November 2018|
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:
|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
|Total over week 44||228,000||37,238,990.00|
|Total accumulated 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 5,536,415 own shares, equal to 8.18% of the Bank’s share capital.
Karen Frøsig Bjarne Larsen
CEO Deputy Group Chief Executive