20 June 2016
Announcement No. 34/2016
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.
In the period 12 February 2016 to 9 May 2016, shares at a value of DKK 249m were bought back, of the total DKK 1,350m share buy-back programme.
The following transactions have been made under the share buy-back programme in the period from 13 June to 20 June 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 13 June 2016 | 46,000 | 162.86 | 7,491,560 |
| 14 June 2016 | 46,000 | 160.04 | 7,361,840 |
| 15 June 2016 | 46,000 | 160.45 | 7,380,700 |
| 16 June 2016 | 50,000 | 158.36 | 7,918,000 |
| 17 June 2016 | 45,000 | 159.85 | 7,193,250 |
| Total accumulated in the period | 233,000 | 160.28 | 37,345,350 |
| Total accumulated under the buy-back programme | 2,439,600 | 424,118,552 |
Following the transactions stated above, Topdanmark’s holding of own shares is 13,342,000 shares, corresponding to 12.71% 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