Aabenraa, Denmark, 2015-05-11 08:51 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 | 262,800 | 65,628,217 | |
|
4 May 2015 5 May 2015 6 May 2015 7 May 2015 8 May 2015 |
18,500 18,000 19,000 16,000 18,000 | 254.49 252.14 249.71 249.40 254.19 | 4,708,065 4,538,520 4,744,490 3,990,400 4,575,420 |
| Total over week 19 | 89,500 | 22,556,895 | |
| Total accumulated during the share buy-back programme | 352,300 | 88,185,112 |
Following the above transactions, Sydbank holds a total of 1,192,680 own shares, equal to 1.61% of the Bank’s share capital.
