Aabenraa, Denmark, 2015-04-27 08:59 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 | 98,500 | 23,983,535 | |
|
20 April 2015 21 April 2015 22 April 2015 23 April 2015 24 April 2015 |
17,000 16,000 16,000 16,500 15,000 | 246.47 253.01 256.77 255.14 257.52 | 4,189,990 4,048,160 4,108,320 4,209,810 3,862,800 |
| Total over week 17 | 80,500 | 20,419,080 | |
| Total accumulated during the share buy-back programme | 179,000 | 44,402,615 |
Following the above transactions, Sydbank holds a total of 1,000,127 own shares, equal to 1.35% of the Bank’s share capital.
