In the period 18 July 2016 to 22 July 2016, Alm. Brand bought own shares for a total amount of DKK 5.4 million as part of the increased share buyback programme of up to DKK 400 million announced on 26 April 2016. In aggregate, shares of DKK 201.2 million have been bought back, equivalent to 50.3% of the overall programme.
Under the share buyback programme, the following transactions were made during the period:
| Date |
No. of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
| 18 July 2016 | 25,000 | 45.44 | 1,136,000 |
| 19 July 2016 | 24,047 | 45.38 | 1,091,253 |
| 20 July 2016 | 23,809 | 45.22 | 1,076,643 |
| 21 July 2016 | 23,333 | 45.37 | 1,058,618 |
| 22 July 2016 | 21,904 | 45.28 | 991,813 |
| Accumulated during the period | 118,093 | 45.34 | 5,354,327 |
| Accumulated under the share buyback programme | 4,395,871 | 45.78 | 201,225,451 |
Danske Bank manages the share buyback programme, which is completed in accordance with Commission Regulation (EC) No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”).
Following the above transactions, Alm. Brand holds 8,256,449 own shares, equivalent to 4.8% of the share capital.
Transactional data relating to share buy-backs are provided on the following pages in detailed form and in aggregated form, in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016.
Contact
Please direct any questions regarding this announcement to:
Martin Egenhardt, IR Manager, on tel. +45 35 47 79 22.
