1 July 2016
Announcement No. 37/2016
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 27 June to 1 July 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 27 June 2016 | 50,000 | 151.38 | 7,569,000 |
| 28 June 2016 | 45,000 | 154.25 | 6,941,250 |
| 29 June 2016 | 43,000 | 157.14 | 6,757,020 |
| 30 June 2016 | 41,000 | 157.58 | 6,460,780 |
| 1 July 2016 | 35,000 | 159.44 | 5,580,400 |
| Total accumulated in the period | 214,000 | 155.65 | 33,308,450 |
| Total accumulated under the buy-back programme | 2,846,600 | 488,721,562 |
Following the transactions stated above, Topdanmark’s holding of own shares is 13,749,000 shares, corresponding to 13.09% 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