March 26, 2019 at 10:00 am

Sydbank share buyback programme: transactions in week 50 – Termination of share buyback programme

by

                                                                

Nasdaq Copenhagen A/S
London Stock Exchange
Bourse de Luxembourg
Other stakeholders

 

Company Announcement No 72/2018

 Peberlyk 4
6200 Aabenraa
Denmark

 

Tel +45 74 37 37 37
Fax +45 74 37 35 36

 

Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

 

 17 December 2018 

Dear Sirs

 

Sydbank share buyback programme: transactions in week 50

Termination of share buyback programme

On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m. On 22 June 2018 the share buyback programme was increased to DKK 1,250m. The share buyback programme commenced on 21 February 2018 and was scheduled to end on or before 31 January 2019.

On 14 December 2018 Sydbank released Company Announcement 71/2018 announcing its decision to end the current share buyback programme. As a consequence of the decision the final trading day under the share buyback programme was 13 December 2018.

The purpose of the share buyback programme has been to reduce the share capital of Sydbank A/S and the programme has been executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the share buyback programme:

 Number
of sharesVWAP

 Gross value
(DKK)Accumulated,
most recent announcement 

5,817,000  

1,158,706,480.0010 December 2018
11 December 2018
12 December 2018
13 December 201830,000
28,000
20,000
21,954158.63
161.69
161.23
160.524,758,900.00
4,527,320.00
3,224,600.00
3,524,056.08Total over week 5099,954 16,034,876.08Total accumulated during
the share buyback programme  

5,916,954  

1,174,741,356.08

All transactions were made under ISIN DK and effected by Danske Bank A/S on behalf of Sydbank A/S.
Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and the Commission delegated regulation, is available in the attachment.<br /

Encl

Attachment