17 May 2016
Announcement No. 30/2016
On 10 May 2016, Topdanmark announced a buy-back programme of up to DKK 351m in its company announcement No. 29/2016. 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 11 May 2016 to 15 August 2016.
This buy-back programme is part of an overall buy-back programme of a total of DKK 1,350m, until 23 February 2017, of which the DFSA so far has approved buy-back of DKK 600m until 30 September 2016.
The following transactions have been made under the share buy-back programme in the period from 11 May to 13 May 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 11 May 2016 | 45,000 | 173.23 | 7,795,350 |
| 12 May 2016 | 45,000 | 173.45 | 7,805,250 |
| 13 May 2016 | 45,000 | 172.26 | 7,407,180 |
| Total accumulated in the period | 133,000 | 172.99 | 23,007,780 |
| Total accumulated under the buy-back programme | 1,560,520 | 261,122,853 |
Following the transactions stated above, Topdanmark’s holding of own shares is 12,443,000 shares, corresponding to 11.82% of the share capital.
Please direct any queries to:
Lars Thykier, CFO
Direct tel: +45 4474 3714
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup