Aabenraa, Denmark, 2016-05-30 08:55 CEST (GLOBE NEWSWIRE) --
On 24 February 2016 Sydbank announced a share buyback programme of DKK 350m. The share buyback commenced on 29 February 2016 and will be completed by 31 December 2016.
The purpose of the share buyback 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 buyback programme:
| Number of shares | VWAP | Gross value (DKK) | |
| Accumulated, most recent announcement | 831,000 | 152,982,120.00 | |
|
23 May 2016 24 May 2016 25 May 2016 26 May 2016 27 May 2016 |
10,000 7,000 6,000 6,000 5,000 | 182.48 183.84 188.24 189.53 190.65 | 1,824,800.00 1,286,880.00 1,129,440.00 1,137,180.00 953,250.00 |
| Total over week 21 | 34,000 | 6,331,550.00 | |
|
Total accumulated during
the share buyback programme |
865,000 | 159,313,670.00 |
Following the above transactions, Sydbank holds a total of 1,700,060 own shares, equal to 2.35% of the Bank’s share Capital.
