On 1 March 2017 Sydbank announced a share buyback programme of DKK 664m. The share buyback commenced on 2 March 2017 and will be completed by 31 December 2017.
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 | 2,486,600 | 614,308,656.00 | |
| 27 November 2017 28 November 2017 29 November 2017 30 November 2017 01 December 2017 | 16,000 15,000 10,000 8,000 10,000 | 243.03 243.42 249.36 246.82 243.04 | 3,888,480.00 3,651,300.00 2,493,600.00 1,974,560.00 2,430,400.00 |
| Total over week 48 | 59,000 | 14,438,340.00 | |
| Total accumulated during the share buyback programme | 2,545,600 | 628,746,996.00 |
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 3,336,043 own shares, equal to 4.74% of the Bank's share capital.