27 June 2016
Announcement No. 36/2016
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 20 June to 24 June 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 20 June 2016 | 38,000 | 164.43 | 6,248,340 |
| 21 June 2016 | 36,000 | 164.80 | 5,932,800 |
| 22 June 2016 | 35,000 | 164.52 | 5,758,200 |
| 23 June 2016 | 35,000 | 164.55 | 5,759,250 |
| 24 June 2016 | 49,000 | 155.02 | 7,595,980 |
| Total accumulated in the period | 193,000 | 162.15 | 31,294,570 |
| Total accumulated under the buy-back programme | 2,632,600 | 455,413,112 |
Following the transactions stated above, Topdanmark’s holding of own shares is 13,535,000 shares, corresponding to 12.89% 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