Aabenraa, Denmark, 2015-05-26 08:55 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 | 406,300 | 101,920,322 | |
|
18 May 2015 19 May 2015 20 May 2015 21 May 2015 22 May 2015 |
18,000 15,000 14,000 14,000 13,000 | 254.54 258.36 259.74 257.80 256.63 | 4,581,720 3,875,400 3,636,360 3,609,200 3,336,190 |
| Total over week 21 | 74,000 | 19,038,870 | |
| Total accumulated during the share buy-back programme | 480,300 | 120,959,192 |
Following the above transactions, Sydbank holds a total of 1,304,324 own shares, equal to 1.76% of the Bank’s share capital.
