Sydbank's Recent Share Buyback Activity and Transactions Updates
Sydbank Share Buyback Programme: Transactions Overview
This announcement pertains to Company Announcement No 36/2024.
Location: Peberlyk 4, 6200 Aabenraa, Denmark
Contact: Tel +45 74 37 37 37 | Fax +45 74 37 35 36
Company: Sydbank A/S | CVR No DK 12626509, Aabenraa
On February 28, 2024, Sydbank initiated a significant share buyback programme targeting DKK 1,200 million. This initiative commenced on March 4, 2024, and is scheduled for completion by January 31, 2025.
The main aim of the share buyback programme is to effectively decrease the share capital of Sydbank, executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and the Council, alongside Commission Delegated Regulation (EU) 2016/1052. Collectively, these are known as the Safe Harbour rules.
Transaction Details Under the Buyback Programme
The following transactions have occurred under this buyback scheme:
Accumulated Transactions
As of the most recent announcement, the total number of shares bought back stands at 1,600,000 with a gross value of DKK 581,891,230.00.
Weekly Transaction Summary
During week 33, specific daily transactions were as follows:
- August 12, 2024: 20,000 shares at a VWAP of 342.75 DKK
- August 13, 2024: 20,000 shares at a VWAP of 341.44 DKK
- August 14, 2024: 20,000 shares at a VWAP of 342.98 DKK
- August 15, 2024: 19,000 shares at a VWAP of 344.93 DKK
- August 16, 2024: 18,000 shares at a VWAP of 344.88 DKK
Total shares bought back during week 33 amounted to 97,000, with a gross value totaling DKK 33,304,910.00.
Cumulative Totals
Thus far, throughout the entire share buyback programme, the accumulated total of shares reached 1,697,000, contributing to a gross value of DKK 615,196,140.00.
All transactions were made under the ISIN DK 0010311471 with Danske Bank A/S conducting the transactions on behalf of Sydbank A/S.
Further insights regarding the transactions may be found as stipulated in Article 5 of Regulation (EU) No 596/2014, focusing on market abuse.
After these recent transactions, Sydbank currently possesses a total of 1,700,656 own shares, which is 3.11% of the Bank’s share capital.
Best Regards,
Mark Luscombe
CEO
Jørn Adam Møller
Deputy Group Chief Executive
Frequently Asked Questions
1. What is the purpose of Sydbank's share buyback programme?
The share buyback programme aims to reduce Sydbank's share capital effectively.
2. When did the buyback programme commence?
The programme started on March 4, 2024, and is set to conclude on January 31, 2025.
3. How many shares have been bought back so far?
As of the most recent announcement, a total of 1,600,000 shares have been repurchased under the programme.
4. Who executed the share buyback transactions?
Danske Bank A/S executed all transactions on behalf of Sydbank A/S.
5. What percentage of Sydbank's share capital does it own currently?
Sydbank currently holds 1,700,656 shares, which accounts for 3.11% of the total share capital.
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