In the period 25 January 2016 to 29 January 2016, Alm. Brand bought own shares for a total amount of DKK 7.8 million as part of the share buyback programme of up to DKK 300 million announced on 1 December 2015. In aggregate, shares of DKK 58.6 million have been bought back, equivalent to 19.5% 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) |
| 25 January 2016 | 35,714 | 45.58 | 1,627,844 |
| 26 January 2016 | 33,333 | 45.46 | 1,515,318 |
| 27 January 2016 | 34,523 | 45.69 | 1,577,356 |
| 28 January 2016 | 33,333 | 45.42 | 1,513,985 |
| 29 January 2016 | 34,523 | 45.81 | 1,581,499 |
| Accumulated during the period | 171,426 | 45.59 | 7,816,002 |
| Accumulated under the share buyback programme | 1,268,317 | 46.17 | 58,560,483 |
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 5,869,809 own shares, equivalent to 3.4% of the share capital.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
