In the period 1 February 2016 to 5 February 2016, Alm. Brand bought own shares for a total amount of DKK 7.4 million as part of the share buyback programme of up to DKK 300 million announced on 1 December 2015. In aggregate, shares of DKK 66.0 million have been bought back, equivalent to 22.0% 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) |
| 1 February 2016 | 33,333 | 45.49 | 1,516,318 |
| 2 February 2016 | 32,142 | 45.39 | 1,458,925 |
| 3 February 2016 | 32,142 | 44.85 | 1,441,569 |
| 4 February 2016 | 32,142 | 44.74 | 1,438,033 |
| 5 February 2016 | 34,523 | 44.49 | 1,535,928 |
| Accumulated during the period | 164,282 | 44.99 | 7,390,774 |
| Accumulated under the share buyback programme | 1,432,599 | 46.04 | 65,951,257 |
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 6,049,091 own shares, equivalent to 3.5% of the share capital.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
