23 May 2016
Announcement No. 31/2016
On 11 February 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 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 17 May to 20 May 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 17 May 2016 | 43,000 | 174.28 | 7,494,040 |
| 18 May 2016 | 40,000 | 175.28 | 7,011,200 |
| 19 May 2016 | 38,000 | 177.20 | 6,733,600 |
| 20 May 2016 | 35,080 | 177.99 | 6,243,889 |
| Total accumulated in the period | 156,080 | 176.08 | 27,482,729 |
| Total accumulated under the buy-back programme | 1,716,600 | 288,605,582 |
Following the transactions stated above, Topdanmark’s holding of own shares is 12,619,000 shares, corresponding to 12.02% 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