Spar Nord share buyback programme: Transactions in week 47

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News Desk 2018
Spar Nord share buyback programme: Transactions in week 47

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 under the European Commission’s Regulation No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”)

In week 47 of 2016, the following transactions have been made under the programme:

  Number of shares VWAP Gross value (DKK)
Accumulated from last announcement 2,244,642   128,240,665
21 November 2016 8,000 75.50 604,000
22 November 2016 8,000 75.46 603,680
23 November 2016 5,000 73.79 368,950
24 November 2016 6,000 73.83 442,980
25 November 2016 8,000 73.98 443,880
Total – week 47 33,000   2,463,490
Total - accumulated 2,277,642   130,704,155

Following the above transactions, Spar Nord holds a total of 2,316,278 own shares, equal to 1.85 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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