10 October 2016
Announcement No. 61/2016
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 3 October to 7 October 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 3 October 2016 | 33,000 | 185.64 | 6,126,120 |
| 4 October 2016 | 36,000 | 186.61 | 6,717,960 |
| 5 October 2016 | 39,000 | 185.82 | 7,246,980 |
| 6 October 2016 | 37,000 | 185.63 | 6,868,310 |
| 7 October 2016 | 55,000 | 184.66 | 10,156,300 |
| Total accumulated in the period | 200,000 | 185.58 | 37,115,670 |
| Total accumulated under the buy-back programme | 4,901,820 | 839,182,784 |
Following the transactions stated above, Topdanmark’s holding of own shares is 5,691,000 shares, corresponding to 5.99% 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
