Aabenraa, Denmark, 2015-04-20 09:05 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 | 0 | 0 | |
|
13 April 2015 14 April 2015 15 April 2015 16 April 2015 17 April 2015 |
20,000 20,000 18,000 23,000 17,500 | 243.22 244.67 244.97 242.55 242.15 | 4,864,400 4,893,400 4,409,460 5,578,650 4,237,625 |
| Total over week 16 | 98,500 | 23,983,535 | |
|
Total accumulated during the share buy-back programme
|
98,500 | 23,983,535 |
Following the above transactions, Sydbank holds a total of 923,913 own shares, equal to 1,24% of the Bank’s share capital.
