8 August 2016
Announcement No. 42/2016
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 1 August 5 to August 2016:
|
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
| 1 August 2016 | 28,000 | 164.59 | 4,608,520 |
| 2 August 2016 | 15,130 | 163.53 | 2,474,209 |
| 3 August 2016 | 30,000 | 163.08 | 4,892,400 |
| 4 August 2016 | 30,000 | 165.28 | 4,958,400 |
| 5 August 2016 | 32,000 | 164.87 | 5,275,840 |
| Total accumulated in the period | 135,130 | 22,209,369 | |
| Total accumulated under the buy-back programme | 3,488,730 | 592,848,699 |
Following the transactions stated above, Topdanmark’s holding of own shares is 14,427,130 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
