Aabenraa, Denmark, 2015-05-18 08:58 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 | 352,300 | 88,185,112 | |
|
11 May 2015 12 May 2015 13 May 2015 14 May 2015 - Ascension Day 15 May 2015 - Bankholiday |
17,000 20,000 17,000 | 255.97 253.83 253.36 | 4,351,490 5,076,600 4,307,120 |
| Total over week 20 | 54,000 | 13,735,210 | |
| Total accumulated during the share buy-back programme | 406,300 | 101,920,322 |
Following the above transactions, Sydbank holds a total of 1,231,935 own shares, equal to 1.66 % of the Bank’s share capital.
