25 July 2016
Announcement No.40/2016
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 1,000m until 31 December 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 were made under the share buy-back programme in the period from 18 July to 22 July 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 18 July 2016 | 23,899 | 163.99 | 3,919,197 |
| 19 July 2016 | 25,000 | 162.75 | 4,068,750 |
| 20 July 2016 | 25,000 | 164.74 | 4,118,500 |
| 21 July 2016 | 23,000 | 163.54 | 3,761,420 |
| 22 July 2016 | 20,000 | 163.68 | 3,273,600 |
| Total accumulated in the period | 116,899 | 163.74 | 19,141,467 |
| Total accumulated under the buy-back programme | 3,252,600 | 554,017,280 |
Following the transactions stated above, Topdanmark’s holding of own shares is 14,191,000 shares, corresponding to 13.52% 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
Tel: +45 44 74 40 17
Mobile tel: +45 40 25 35 24
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup
