In the period 27 February 2017 to 28 February 2017, Alm. Brand bought own shares for a total amount of DKK 2.2 million as part of the increased share buyback programme of up to DKK 400 million announced on 26 April 2016. The buyback programme ended on 28 February 2017. In aggregate, shares of DKK 400.0 million have been bought back, equivalent to 100.0% of the overall programme.
Under the share buyback programme, the following transactions were made during the period, thereby completing the share buyback programme:
| Date |
No. of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
| 27 February 2017 | 19,047 | 58.45 | 1,113,297 |
| 28 February 2017 | 19,285 | 58.44 | 1,127,015 |
| Accumulated during the period | 38,332 | 58.44 | 2,240,313 |
| Accumulated under the share buyback programme | 8,206,270 | 48.74 | 399,963,861 |
Danske Bank managed the share buyback programme, which was completed in accordance with Commission Regulation (EC) No. 596/2014 of 16 April 2014 (the “Market Abuse Regulation”).
Following the above transactions, Alm. Brand holds 11,190,968 own shares, equivalent to 6.5% of the share capital.
A new share buyback programme for up to DKK 300 million will be initiated for the 2017 financial year. This programme is expected to run until end-March 2018. The new share buyback programme is subject to the approval of the Danish Financial Supervisory Authority.
Transactional data relating to share buy-backs are provided on the following pages in detailed form and in aggregated form, in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016.
Contact
Please direct any questions regarding this announcement to:
Susanne Biltoft, Head of Information and Investor Relations, on tel. +45 35 47 76 61.
Detailed transaction data
| 27 February 2017 | 28 February 2017 | ||||
| Number of shares | VWAP DKK | Number of shares | VWAP DKK | ||
| XCSE | 18,805 | 58.45 | 19,285 | 58.44 | |
| TRQX | 126 | 58.25 | 0 | ||
| TRQM | 0 | 0 | |||
| BATE | 103 | 58.50 | 0 | ||
| BATD | 0 | 0 | |||
| CHIX | 13 | 58.50 | 0 | ||
| CHID | 0 | 0 | |||
| Total | 19,047 | 58.45 | 19,285 | 58.44 | |
| 27 February 2017 | |||
| Volume | Price | Venue | Time CET |
| 19,047 | 58.45 | ||
| 1,641 | 59.00 | XCSE | Monday0227 TT:10:15.096000 |
| 359 | 59.00 | XCSE | Monday0227 TT:10:15.136000 |
| 821 | 58.50 | XCSE | Monday0227 TT:11:20.861000 |
| 63 | 58.50 | TRQX | Monday0227 TT:11:20.871000 |
| 13 | 58.50 | CHIX | Monday0227 TT:11:20.871000 |
| 103 | 58.50 | BATE | Monday0227 TT:11:20.871000 |
| 63 | 58.00 | TRQX | Monday0227 TT:29:52.017000 |
| 821 | 58.00 | XCSE | Monday0227 TT:29:52.017000 |
| 116 | 58.00 | XCSE | Monday0227 TT:29:58.348000 |
| 167 | 58.00 | XCSE | Monday0227 TT:06:18.663000 |
| 654 | 58.00 | XCSE | Monday0227 TT:16:12.563000 |
| 1,000 | 58.50 | XCSE | Monday0227 TT:32:08.676000 |
| 179 | 58.50 | XCSE | Monday0227 TT:39:58.204000 |
| 2,000 | 58.25 | XCSE | Monday0227 TT:40:04.368926 |
| 11,047 | 58.45 | XCSE | Monday0227 TT:45:22.212164 |
| 28 February 2017 | |||
| Volume | Price | Venue | Time CET |
| 19,285 | 58.44 | ||
| 1,647 | 58.50 | XCSE | Tuesday0228 TT:24:22.916000 |
| 353 | 58.50 | XCSE | Tuesday0228 TT:24:22.916000 |
| 1,000 | 58.00 | XCSE | Tuesday0228 TT:02:42.995785 |
| 500 | 58.50 | XCSE | Tuesday0228 TT:02:10.083000 |
| 525 | 58.50 | XCSE | Tuesday0228 TT:39:53.704000 |
| 475 | 58.50 | XCSE | Tuesday0228 TT:39:53.704000 |
| 239 | 58.50 | XCSE | Tuesday0228 TT:49:03.692000 |
| 2,261 | 58.50 | XCSE | Tuesday0228 TT:49:03.692000 |
| 1,100 | 58.50 | XCSE | Tuesday0228 TT:50:47.539000 |
| 11,185 | 58.44 | XCSE | Tuesday0228 TT:08:05.815723 |
