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Sydbank share buyback programme: transactions in week 24

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Sydbank A/S
Sydbank A/S

        











Company Announcement No 27/2022

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





20 June 2022

 

Dear Sirs

Sydbank share buyback programme: transactions in week 24
On 2 March 2022 Sydbank announced a share buyback programme of DKK 425m. The share buyback commenced on 7 March 2022 and will be completed by 30 December 2022.

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 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 shares

VWAP

Gross value (DKK)

Accumulated, most recent
announcement



583,000

 



136,766,830.00

13 June 2022
14 June 2022
15 June 2022
16 June 2022
17 June 2022

12,000
12,000
9,000
12,000
10,000

233.22
228.53
235.05
231.00
228.81

2,798,640.00
2,742,360.00
2,115,450.00
2,772,000.00
2,288,100.00

Total over week 24

55,000

 

12,716,550.00

Total accumulated during the share buyback programme



638,000

 



149,483,380.00

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 644,059 own shares, equal to 1.10% of the Bank’s share capital.

Yours sincerely
        
Karen Frøsig        Bjarne Larsen
CEO        Deputy Group Chief Executive

Attachment


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