Spar Nord share buyback programme: Transactions in week 15

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News Desk 2018
Spar Nord share buyback programme: Transactions in week 15

In the Annual Report 2015, Spar Nord announced a share buyback programme of DKK 150 million. The buy-back was initiated on 15 February 2016 and will be completed no later than 31 December 2016.

The purpose of buying back shares is to reduce the share capital of Spar Nord, and the programme is executed in compliance with the European Commission’s Regulation No 2273/2003 of 22 December 2002 (the Safe Harbour Regulation).

In week 15 of 2016, the following transactions have been made under the programme:

  Number of shares VWAP Gross value (DKK)
Accumulated from last announcement 450,931   25, 972,227
11 April 2016 11,000 50.00 649,000
12 April 2016 10,000 57.98 579,800
13 April 2016 10,000 58.25 582,500
14 April 2016 11,000 58.09 638,990
15 April 2016 13,000 57.83 751,790
Total – week 15 55,000   3,202, 800
Total - accumulated 505,931   29,174,307

Following the above transactions, Spar Nord holds a total of 644,697 own shares, equal to 0.51 per cent of the Bank’s share capital.

Questions regarding this announcement can be directed to the undersigned at tel. +45 25 27 05 80.

Sincerely yours, Spar Nord

Ole Madsen Senior Vice President, Communication & IR Telephone: +45 96344010 oma@sparnord.dk

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