28 November 2016
Announcement No. 69/2016
On 15 November 2016, Topdanmark announced a buy-back programme of up to DKK 650m in its company announcement No. 67/2016. 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”.
This buy-back programme is part of an overall buy-back programme of a total of DKK 1,450m, until 17 February 2017, approved by the DFSA.
Before 23 February 2017, Topdanmark apply for DFSA-approval of the additional buy-back of DKK 200m, due to the upgrade. Accordingly, execution of the buy-back should take place in 2017.
In the period 12 February 2016 to 14 November 2016, shares at a value of DKK 1,000m 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 21 November to 25 November 2016:
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
21 November 2016 | 60,000 | 182.85 | 10,971,000 |
22 November 2016 | 60,020 | 182.96 | 10,981,259 |
23 November 2016 | 60,000 | 184.30 | 11,058,000 |
24 November 2016 | 40,000 | 183.99 | 7,359,600 |
25 November 2016 | 40,000 | 181.40 | 7,256,000 |
Total accumulated in the period | 260,020 | 183.16 | 47,625,859 |
Total accumulated under the buy-back programme | 6,252,840 | 1,085,449,313 |
Following the transactions stated above, Topdanmark’s holding of own shares is 6,922,000 shares, corresponding to 7.29% 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