In the period 16 May 2016 to 20 May 2016, Alm. Brand bought own shares for a total amount of DKK 5.4 million as part of the increased share buyback programme of up to DKK 400 million announced on 26 April 2016. In aggregate, shares of DKK 142.7 million have been bought back, equivalent to 35.7% 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) |
| 16 May 2016 | 0 | 0.00 | 0 |
| 17 May 2016 | 29,047 | 48.37 | 1,405,003 |
| 18 May 2016 | 28,571 | 47.97 | 1,370,551 |
| 19 May 2016 | 28,571 | 48.23 | 1,377,979 |
| 20 May 2016 | 26,190 | 48.39 | 1,267,334 |
| Accumulated during the period | 112,379 | 48.24 | 5,420,868 |
| Accumulated under the share buyback programme | 3,114,704 | 45.81 | 142,685,032 |
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 7,059,661 own shares, equivalent to 4.1% of the share capital.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
