17 August 2016
Announcement No. 45/2016
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 the 15 August 2016:
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
15 August 2016 | 7,700 | 175.29 | 1,349,733 |
Total accumulated in the period | 7,700 | 1,349,733 | |
Total accumulated under the buy-back programme | 3,530,300 | 600,012,897 |
Following the transactions stated above, Topdanmark’s holding of own shares is 14,432,700 shares, corresponding to 13.75% 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.
Additionally, it is stated in the Q2 report 2016 (announcement no. 44/2016) that Topdanmark adjusts the buy-back programme for 2016 to DKK 1,450m.
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