11 July 2016
Announcement No. 38/2016
On 10 May 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 Regulation (EU) No. 596/2014 of the European Parliament and the Council of 16 April 2014, the ”Market Abuse 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 4 July to 8 July 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 4 July 2016 | 35,000 | 160.10 | 5,603,500 |
| 5 July 2016 | 36,000 | 157.92 | 5,685,120 |
| 6 July 2016 | 37,000 | 154.23 | 5,706,510 |
| 7 July 2016 | 35,000 | 155.94 | 5,457,900 |
| 8 July 2016 | 35,000 | 158.55 | 5,549,250 |
| Total accumulated in the period | 178,000 | 157.32 | 28,002,280 |
| Total accumulated under the buy-back programme | 3,024,600 | 516,723,842 |
Following the transactions stated above, Topdanmark’s holding of own shares is 13,963,000 shares, corresponding to 13.30% of the share capital.
Detailed and aggregated transaction data concerning the share buy-back are attached in compliance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016.
Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Mobile tel: +45 4025 3524
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup
