Sydbank share buy-back programme: transactions in week 25
Aabenraa, Denmark, 2015-06-22 09:46 CEST (GLOBE NEWSWIRE) -- On 10 April 2015 Sydbank announced a share buy-back programme of DKK 500m. The share buy-back commenced on 13 April 2015 and will be completed by 31 December 2015.
The purpose of the share buy-back programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of the European Commission’s Regulation No 2273/2003 of 22 December 2003, known as the Safe Harbour Regulation.
The following transactions have been made under the share buy-back programme:
| Number of shares | VWAP |
Gross value (DKK) | |
| Accumulated, most recent announcement |
630,300 | 160,053,452 |
|
| 15 June 2015 16 June 2015 17 June 2015 18 June 2015 19 June 2015 |
22,000 22,000 21,000 23,000 20,000 |
252.90 250.22 252.39 249.54 253.57 |
5,563,800 5,504,840 5,300,190 5,739,420 5,071,400 |
| Total over week 25 | 108,000 | 27,179,650 | |
| Total accumulated during the share buy-back programme | 738,300 |
187,233,102 |
In the most recent accumulated announcement (week 24), the gross value is adjusted to 160,053,452 and the gross value at 12 June 2015 is adjusted to 3,135,480.
Following the above transactions, Sydbank holds a total of 1,556,655 own shares, equal to 2.10% of the Bank’s share capital.
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