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Sydbank A/S share buyback programme completed – transactions in week 51

Sydbank A/S
Sydbank A/S

        













Company Announcement No 64/2022

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



22 December 2022

 

Dear Sirs

Sydbank A/S share buyback programme completed – transactions in week 51
Sydbank’s share buyback programme of DKK 425m which was announced on 2 March 2022 and scheduled to end on or before 30 December 2022 has been completed. Under the programme 1,887,000 own shares were repurchased at a transaction value of approx DKK 425m during the period up to termination.

The purpose of the share buyback programme was to reduce the share capital of Sydbank and the programme was 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 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 shares

VWAP

Gross value
(DKK)

Accumulated, most recent
announcement



1,866,000

 



419,264,472.00

19 December 2022
20 December 2022
21 December 2022
22 December 2022
23 December 2022

7,000
8,000
6,000



268.44
270.96
277.15



1,879,080.00
2,167,680.00
1,662,900.00



Total over week 51

21,000

 

5,709,660.00

Total accumulated during the
share buyback programme



1,887,000

 



424,974,132.00

All transactions were made under ISIN DK 0010311471 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.
Following the above transactions, Sydbank holds a total of 1,891,058 own shares, equal to 3.24% of the Bank’s share capital.


Yours sincerely
        
Karen Frøsig        Bjarne Larsen
CEO                    Deputy Group Chief Executive

Attachment