9 January 2017
Announcement No. 03/2017
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 will 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 2 January to 6 January 2017:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 2 January 2017 | 22,000 | 180.05 | 3,961,100 |
| 3 January 2017 | 25,000 | 179.28 | 4,482,000 |
| 4 January 2017 | 20,000 | 178.84 | 3,576,800 |
| 5 January 2017 | 30,000 | 177.82 | 5,334,600 |
| 6 January 2017 | 40,000 | 177,24 | 7,089,600 |
| Total accumulated in the period | 137,000 | 178.42 | 24,444,100 |
| Total accumulated under the buy-back programme | 7,251,840 | 1,264,059,923 |
Following the transactions stated above, Topdanmark’s holding of own shares is 7,921,000 shares, corresponding to 8.34% 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:
Lars Thykier, CFO
Tel: +45 44 74 37 14
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup