Share repurchase programme

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| Source: Jyske Bank A/S
multilang-release

Silkeborg, 2016-08-26 07:56 CEST (GLOBE NEWSWIRE) --  

INVESTOR RELATIONS
Vestergade 8-16
DK-8600 Silkeborg
Tel: +45 89 89 64 29
Fax: +45 89 89 19 99
www.jyskebank.dk
Email: jyskebank@jyskebank.dk
Business Reg. No.: DK17616617
 
    26.08.2016

 

Share repurchase programme                   

 

The share buy-back programme runs from 01 July 2016 to 31 December 2016. In this period Jyske Bank will acquire shares with a value of up to DKK 1.0 billion, cf. company announcement No. 48/2016 of 18 August 2016, where the original share buy-back programme of DKK 500 million got increased with a total amount of DKK 500 million. The share buy-back programme is initiated and structured in compliance with the EU Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative for share buy-back programmes), and from 03 July 2016 in accordance with the EU Commission Regulation No. 596/2014 of 16 April 2014 on market abuse (Market Abuse Regulation), which ensures that Jyske Bank is protected against violation of insider legislation in relation to the share buy-back programme.

 

Since the announcement as of 01 July 2016, the following transactions have been made under the program:

 

  Number of shares Average
purchase price
Transaction value in DKK
Accumulated, last announcement 525,000 268.40 140,909,485
19 August 2016 30,000 286.48 8,594,367
22 August 2016 30,000 294.84 8,845,248
23 August 2016 30,000 299.12 8,973,537
24 August 2016 30,000 305.54 9,166,068
25 August 2016 30,000 310.21 9,306,186
Accumulated under the programme 675,000 275.25 185,794,891

 

 

With the transactions stated above, Jyske Bank now owns a total of 3,317,740 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 3.49% of the share capital.

 

In accordance with the EU Commission Regulation No. 596/2014, transactions related to the share buy-back programme are presented in detailed form in the spread sheet attached to this company announcement.

                                                         

Yours faithfully,

Jyske Bank

 

Any questions in regards to this announcement may be addressed to Trine Lysholt Nørgaard, Director, Head of Investor Relations, on tel. +45 89 89 64 29.