Aabenraa, 2015-08-03 09:08 CEST (GLOBE NEWSWIRE) --
Dear Sirs
Sydbank share buy-back programme: transactions in week 31
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 | 1,115,800 | 281,899,677 | |
| 27 July 2015 28 July 2015 29 July 2015 30 July 2015 31 July 2015 | 19,000 17,000 18,000 15,000 20,000 | 248.81 249.55 251.11 249.92 255.55 | 4,727,390 4,242,350 4,519,980 3,748,800 5,111,000 |
| Total over week 31 | 89,000 | 22,349,520 | |
| Total accumulated during the share buy-back programme | 1,204,800 | 304,249,197 |
Following the above transactions, Sydbank holds a total of 2,012,635 own shares, equal to 2.71% of the Bank’s share capital.
Yours sincerely
Karen Frøsig Bjarne Larsen
CEO Deputy Group Chief Executive
