18 April 2016
Announcement No. 25/2016
On 11 February 2016, Topdanmark announced a buy-back programme of up to DKK 300m in its company announcement No. 10/2016. The buy-back programme will be executed in accordance with the European Commission’s Regulation No. 2273/2003 of 22 December 2003, the ”Safe Harbour-regulation”. The share buy-back will take place in the period from 12 February 2016 to 9 May 2016.
This buy-back programme is part of an overall buy-back programme of a total of DKK 1,250m, until 23 February 2017.
The following transactions have been made under the share buy-back programme in the period from 11 April to 15 April 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 11 April 2016 | 52,000 | 170.18 | 8,849,360 |
| 12 April 2016 | 52,000 | 168.78 | 8,776,560 |
| 13 April 2016 | 52,000 | 168.63 | 8,768,760 |
| 14 April 2016 | 55,000 | 170.50 | 9,377,500 |
| 15 April 2016 | 55,000 | 171.20 | 9,416,000 |
| Total accumulated in the period | 266,000 | 169.88 | 45,188,180 |
| Total accumulated under the buy-back programme | 721,520 | 115,585,343 |
Following the transactions stated above, Topdanmark’s holding of own shares is 11,604,000 shares, corresponding to 11.05% of the share capital.
Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Direct tel: +45 4474 4017, mobile: +45 4025 3524
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup