29 August 2016
Announcement No. 48/2016
On 16 August 2016, Topdanmark announced a buy-back programme of up to DKK 401m in its company announcement No. 44/2016. 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 17 August 2016 to 14 November 2016.
This buy-back programme is part of an overall buy-back programme of a total of DKK 1,450m, 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 15 August 2016, shares at a value of DKK 599m were bought back, of the total DKK 1,450m share buy-back programme.
The following transactions were made under the share buy-back programme in the period from 22 August to 26 August 2016:
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
22 August 2016 | 36,000 | 177.19 | 6,378,840 |
23 August 2016 | 35,220 | 178.47 | 6,285,713 |
24 August 2016 | 36,000 | 178.39 | 6,422,040 |
25 August 2016 | 37,000 | 177.69 | 6,574,530 |
26 August 2016 | 33,000 | 176.58 | 5,827,140 |
Total accumulated in the period | 177,220 | 31,488,263 | |
Total accumulated under the buy-back programme | 3,874,820 | 649,567,635 |
Following the transactions stated above, Topdanmark’s holding of own shares is 4,664,000 shares, corresponding to 4.91% 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