Sydbank Share Buyback Programme: Transactions Overview
This announcement is related 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 launched a substantial share buyback programme with a target of DKK 1,200 million. This initiative began on March 4, 2024, and is expected to be completed by January 31, 2025.
The primary objective of this share buyback programme is to effectively reduce Sydbank's share capital. This action is in compliance with Regulation (EU) No 596/2014 from the European Parliament and the Council, along with Commission Delegated Regulation (EU) 2016/1052, collectively referred to as the Safe Harbour rules.
Transaction Details Under the Buyback Programme
Below are the transactions that have taken place under this buyback programme:
Accumulated Transactions
As of the latest announcement, a total of 1,600,000 shares have been repurchased, amounting to a gross value of DKK 581,891,230.00.
Weekly Transaction Summary
For week 33, the daily transactions were recorded 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
In total, 97,000 shares were bought back during week 33, with a gross value of DKK 33,304,910.00.
Cumulative Totals
To date, the overall total of shares repurchased throughout the entire buyback programme has reached 1,697,000, contributing to a gross value of DKK 615,196,140.00.
All transactions were conducted under ISIN DK 0010311471, with Danske Bank A/S managing the transactions on behalf of Sydbank A/S.
For more details regarding these transactions, please refer to Article 5 of Regulation (EU) No 596/2014, which addresses market abuse.
Following these recent transactions, Sydbank now holds a total of 1,700,656 of its own shares, representing 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 aim of the share buyback programme is to effectively reduce Sydbank's share capital.
2. When did the buyback programme commence?
The programme began on March 4, 2024, and is scheduled to conclude on January 31, 2025.
3. How many shares have been bought back so far?
According to the latest announcement, a total of 1,600,000 shares have been repurchased under the programme.
4. Who executed the share buyback transactions?
All transactions were executed by Danske Bank A/S on behalf of Sydbank A/S.
5. What percentage of Sydbank's share capital does it own currently?
Currently, Sydbank holds 1,700,656 shares, which accounts for 3.11% of the total share capital.