Aabenraa, Denmark, 2016-06-06 09:14 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 | 865,000 | 159,313,670.00 | |
|
30 May 2016 31 May 2016 01 June 2016 02 June 2016 03 June 2016 |
4,000 5,000 4,000 5,000 5,000 |
192.29 192.45 189.82 191.43 189.42 |
769,160.00 962,250.00 759,280.00 957,150.00 947,100.00 |
| Total over week 22 | 23,000 | 4,394,940.00 | |
|
Total accumulated during the share buyback programme |
888,000 | 163,708,610.00 |
Following the above transactions, Sydbank holds a total of 1,725,225 own shares, equal to 2.39% of the Bank’s share capital.
