Aabenraa, Denmark, 2015-07-20 08:48 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 |
975,800 |
246,650,677 |
|
|
13 July 2015 14 July 2015 15 July 2015 16 July 2015 17 July 2015 |
14,000 14,000 13,000 10,000 13,000 | 251.97 250.27 251.84 256.18 253.27 | 3,527,580 3,503,780 3,273,920 2,561,800 3,292,510 |
| Total over week 29 | 64,000 | 16,159,590 | |
| Total accumulated during the share buy-back programme | 1,039,800 |
262,810,267 |
Following the above transactions, Sydbank holds a total of 1,842,495 own shares, equal to 2.48% of the Bank’s share capital.
