In the period 4 April to 8 April 2016, Alm. Brand bought own shares for a total amount of DKK 5.5 million as part of the share buyback programme of up to DKK 300 million announced on 1 December 2015. In aggregate, shares of DKK 117.7 million have been bought back, equivalent to 39.2% 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) |
| 4 April 2016 | 23,809 | 47.85 | 1,139,261 |
| 5 April 2016 | 23,809 | 47.21 | 1,124,023 |
| 6 April 2016 | 23,809 | 47.99 | 1,142,594 |
| 7 April 2016 | 22,619 | 48.29 | 1,092,272 |
| 8 April 2016 | 21,428 | 48.04 | 1,029,401 |
| Accumulated during the period | 115,474 | 47.87 | 5,527,550 |
| Accumulated under the share buyback programme | 2,588,053 | 45.47 | 117,675,681 |
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 6,713,763 own shares, equivalent to 3.9% of the share capital.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
