In the period 11 January 2016 to 15 January 2016, Alm. Brand bought own shares for a total amount of DKK 7.0 million as part of the share buyback programme of up to DKK 300 million announced on 1 December 2015. In aggregate, shares of DKK 42.9 million have been bought back, equivalent to 14.3% of the overall programme.
Under the share buyback programme, the following transactions were made during the period:
| Date |
No. of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
| 11 January 2016 | 28,571 | 46.31 | 1,323,123 |
| 12 January 2016 | 30,952 | 46.40 | 1,436,173 |
| 13 January 2016 | 28,571 | 46.83 | 1,337,980 |
| 14 January 2016 | 30,952 | 45.87 | 1,419,768 |
| 15 January 2016 | 33,333 | 44.72 | 1,490,652 |
| Accumulated during the period | 152,379 | 45.99 | 7,007,696 |
| Accumulated under the share buyback programme | 916,655 | 46.75 | 42,853,381 |
Danske Bank manages the share buyback programme, which is completed as a Safe Harbour scheme in accordance with Commission Regulation (EC) No. 2273/2003 of 22 December 2003.
Following the above transactions, Alm. Brand holds 5,485,147 own shares, equivalent to 3.2% of the share capital.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
