Sydbank share buyback programme: Transactions in week 25
Aabenraa, 2016-06-27 09:11 CEST (GLOBE NEWSWIRE) --
Sydbank share buyback programme: transactions in week 25
On 24 February 2016 Sydbank announced a share buyback programme of DKK 350m. The share buyback commenced on 29 February 2016 and will be completed by 31 December 2016.
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 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 buyback programme:
| Number of shares | VWAP | Gross value (DKK) | |
| Accumulated, most recent announcement | 1,055,500 | 193,012,740.00 | |
| 20 June 2016 21 June 2016 22 June 2016 23 June 2016 24 June 2016 | 15,000 10,000 10,000 12,000 30,000 | 179.26 179.56 179.33 181.90 169.99 | 2,688,900.00 1,795,600.00 1,793,300.00 2,182,800.00 5,099,700.00 |
| Total over week 25 | 77,000 | 13,560,300.00 | |
| Total accumulated during the share buyback programme
|
1,132,500 | 206,573,040.00 |
Following the above transactions, Sydbank holds a total of 1,975,490 own shares, equal to 2.73% of the Bank's share capital.
Yours sincerely
Karen Frøsig Bjarne Larsen
CEO Deputy Group Chief Executive
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