Correction: Sydbank to end share buyback programme
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Nasdaq Copenhagen A/S London Stock Exchange Bourse de Luxembourg Other stakeholders  Company Announcement No 71/2018  | 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   |
14 December 2018 | Â |
Dear Sirs
Correction: Sydbank to end share buyback programme
Correction to Company Announcement No 70/2018 due to the market value being stated as the transaction value.
On 20 February 2018 Sydbank announced a share buyback programme of DKK 500m. On 22 June 2018 the share buyback programme was increased by DKK 750m to a total of DKK 1,250m. The share buyback programme was scheduled to end on or before 31 January 2019.
Under the programme 5,916,954 own shares have been repurchased at a transaction value of approximately DKK 1,175m. Today the Bank’s total holding of own shares equals 9.85% of the Bank’s total share capital.
The Board of Directors is authorised to purchase 10% of the Bank’s share capital. Consequently the Bank’s Board of Directors has decided to end the current share buyback programme as of today.   Â
Yours sincerely
                        Â
Karen Frøsig                                   Bjarne Larsen
CEOÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Deputy Group Chief Executive
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