15 August 2016
Announcement No. 43/2016

On 10 May 2016, Topdanmark announced a buy-back programme of up to DKK 351m in its company announcement No. 29/2016. 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 11 May to 15 August 2016.

This buy-back programme is part of an overall buy-back programme of a total of DKK 1,350m, 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 9 May 2016, shares at a value of DKK 249m were bought back, of the total DKK 1,350m share buy-back programme.

The following transactions were made under the share buy-back programme in the period from 8 August to 12 August 2016: 

  Number
of shares
Average purchase
price (DKK)
Transaction
value (DKK)
  8 August 2016 5,870 168.27 987,745
  9 August 2016 5,000 171.14 855,700
10 August 2016 7,000 171.02 1,197,140
11 August 2016 6,000 171.98 1,031,880
12 August 2016 10,000 174.20 1,742,000
Total accumulated in the period 33,870   5,814,465
Total accumulated under the buy-back programme 3,522,600   598,663,164

Following the transactions stated above, Topdanmark’s holding of own shares is 14,425,000 shares, corresponding to 13.74% 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

Load More Related Articles
Load More In WRIN.tv Newswire

Check Also

Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

In this edition of CEO Angles, AAIS CEO Ed Kelly welcomes Guy Carpenter Chairman David Pri…