Sydbank share buyback programme: transactions in week 20

Sydbank A/S

        

Company Announcement No 22/2022	Peberlyk 4 6200 Aabenraa Denmark Tel +45 74 37 37 37 Fax +45 74 37 35 36 Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
23 May 2022

Dear Sirs

Sydbank share buyback programme: transactions in week 20
On 2 March 2022 Sydbank announced a share buyback programme of DKK 425m. The share buyback commenced on 7 March 2022 and will be completed by 30 December 2022.

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	433,000		100,368,530.00
16 May 2022 17 May 2022 18 May 2022 19 May 2022 20 May 2022	10,000 11,000 9,000 13,000 10,000	232.76 237.75 237.38 232.82 234.20	2,327,600.00 2,615,250.00 2,136,420.00 3,026,660.00 2,342,000.00
Total over week 20	53,000		12,447,930.00
Total accumulated during the share buyback programme	486,000		112,816,460.00

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 491,691 own shares, equal to 0.84% of the Bank’s share capital.

Yours sincerely
        
Karen Frøsig        Bjarne Larsen
CEO        Deputy Group Chief Executive

Attachment

• SM 22 UK incl enc