Sydbank A/S share buyback programme completed – transactions in week 51
Company Announcement No 46/2023 | 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 2023 |
Dear Sirs
Sydbank A/S share buyback programme completed – transactions in week 51
Sydbank’s share buyback programme of DKK 600m which was announced on 6 July 2023 and scheduled to end on or before 31 January 2024 has been completed. Under the programme 1,911,900 own shares were repurchased at a transaction value of approx DKK 600m 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 | 1,865,800 | 586,627,988.00 | |
| 18 December 2023 19 December 2023 20 December 2023 21 December 2023 22 December 2023 | 10,000 10,000 15,000 11,100 - | 289.52 289.81 290.34 289.99 - | 2,895,200.00 2,898,100.00 4,355,100.00 3,218,889.00 - |
| Total over week 51 | 46,100 | 13,367,289.00 | |
| Total accumulated during the share buyback programme | 1,911,900 | 599,995,277.00 |
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 1,917,569 own shares, equal to 3.39% of the Bank’s share capital.
Yours sincerely
Karen Frøsig Jørn Adam Møller
CEO Deputy Group Chief Executive
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