In the Annual Report 2015, Spar Nord announced a share buyback programme of DKK 150 million. The buy-back was initiated on 15 February 2016 and will be completed no later than 31 December 2016.
The purpose of buying back shares is to reduce the share capital of Spar Nord, and the programme is executed under the European Commission’s Regulation No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”)
In week 41 of 2016, the following transactions have been made under the programme:
| Number of shares | VWAP | Gross value (DKK) | |
| Accumulated from last announcement | 1,986,000 | 110,478,077 | |
| 10 October 2016 | 8,000 | 65.50 | 524,000 |
| 11 October 2016 | 8,000 | 65.35 | 522,800 |
| 12 October 2016 | 6,000 | 65.57 | 393,420 |
| 13 October 2016 | 7,000 | 65.36 | 457,520 |
| 14 October 2016 | 8,000 | 65.87 | 526,960 |
| Total – week 41 | 37,000 | 2,424,700 | |
| Total - accumulated | 2,023,000 | 112,902,777 |
Following the above transactions, Spar Nord holds a total of 2,094,944 own shares, equal to 1.67 per cent of the Bank’s share capital.
Questions regarding this announcement can be directed to the undersigned at tel. +45 25 27 05 80.
Sincerely yours,
Spar Nord
Ole Madsen
Senior Vice President, Communication & IR
Telephone: +45 96344010
oma@sparnord.dk
