7 November 2016
Announcement No. 66/2016
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, approved by the DFSA.
In the period 12 February 2016 to 15 August 2016, shares at a value of DKK 600m 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 31 October to 4 November 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 31 October 2016 | 35,000 | 182.72 | 6,395,200 |
| 1 November 2016 | 47,000 | 182.71 | 8,587,370 |
| 2 November 2016 | 60,000 | 181.16 | 10,869,600 |
| 3 November 016 | 51,000 | 179.71 | 9,165,210 |
| Total accumulated in the period | 193,000 | 181.44 | 35,017,380 |
| Total accumulated under the buy-back programme | 5,782,820 | 999,955,454 |
Following the transactions stated above, Topdanmark’s holding of own shares is 6,572,000 shares, corresponding to 6.92% 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
