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 |
1,330,520 |
336,623,313.80 |
|
|
24 August 2015 25 August 2015 26 August 2015 27 August 2015 28 August 2015 |
35,000 22,000 15,000 10,000 10,000 |
234.82 247.02 247.42 254.36 254.19 |
8,218,700 5,434,440 3,711,300 2,543,600 2,541,900 |
| Total over week 35 | 92,000 | 22,449,940 | |
| Total accumulated during the share buy-back programme |
1,422,520 |
359,073,253.80 |
Following the above transactions, Sydbank holds a total of 2,225,795 own shares, equal to 3.00% of the Bank’s share capital.
