In the period 29 March 2016 to 1 April 2016, Alm. Brand bought own shares for a total amount of DKK 4.1 million as part of the share buyback programme of up to DKK 300 million announced on 1 December 2015. In aggregate, shares of DKK 112.1 million have been bought back, equivalent to 37.4% 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) |
| 29 March 2016 | 21,428 | 47.64 | 1,020,830 |
| 30 March 2016 | 21,428 | 48.19 | 1,032,615 |
| 31 March 2016 | 21,428 | 48.17 | 1,032,187 |
| 1 April 2016 | 21,428 | 47.69 | 1,021,901 |
| Accumulated during the period | 85,712 | 47.92 | 4,107,533 |
| Accumulated under the share buyback programme | 2,472,579 | 45.36 | 112,148,131 |
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 6,590,289 own shares, equivalent to 3.8% of the share capital.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
