Aabenraa, Denmark, 2015-06-15 09:15 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 |
563,300 |
142,596,732 |
|
|
8 June 2015 9 June 2015 10 June 2015 11 June 2015 12 June 2015 |
10,000 15,000 16,000 14,000 12,000 |
262.43 257.56 258.99 263.55 261.29 |
2,624,300 3,863,400 4,143,840 3,689,700 3,145,480 |
| Total over week 24 | 67,000 | 17,466,720 | |
| Total accumulated during the share buy-back programme |
630,300 |
160,063,452 |
Following the above transactions, Sydbank holds a total of 1,456,782 own shares, equal to 1.96% of the Bank’s share capital.
