Sydbank share buyback programme: transactions in week 19

·2 min read
Sydbank A/S
Sydbank A/S











Company Announcement No 21/2022

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





16 May 2022

Dear Sirs

Sydbank share buyback programme: transactions in week 19
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



379,000



87,993,230.00

09 May 2022
10 May 2022
11 May 2022
12 May 2022
13 May 2022 (public holiday)

12,000
12,000
12,000
18,000
-

232.87
232.01
228.73
225.11
-

2,794,440.00
2,784,120.00
2,744,760.00
4,051,980.00
-

Total over week 19

54,000

12,375,300.00

Total accumulated during the share buyback programme



433,000



100,368,530.00

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 442,500 own shares, equal to 0.75% of the Bank’s share capital.

Yours sincerely

Karen Frøsig Bjarne Larsen
CEO Deputy Group Chief Executive

Attachment


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