Tryg A/S initiates share buy back programme of DKK 1bn

The Danish FSA has approved Tryg's extraordinary share buy back programme of DKK 1bn which will be initiated as of today.

The share buy back programme is expected to be implemented from 6 April 2016 to the end of 2016.

The following guidelines apply to Tryg's share buy back programme:  

• The trading volume of own shares is limited to a total value of DKK 1bn
• The daily volume of purchased shares cannot exceed 25% of the daily turnover on NASDAQ Copenhagen and measured as an average of a period of running 20 trading days.
• Shares cannot be purchased at prices higher than the two following prices:

• The price of the latest independent trade.
• The price of the highest independent bid on NASDAQ Copenhagen. 

Tryg will announce the number of repurchased shares and the value of these shares in a separate announcement to NASDAQ Copenhagen every week.

At the launch of the share buy back programme, Tryg had 7,171,251 own shares or approximately 2.5% of the total share capital. 7,018,346 shares related to the share buy back programme in 2015 will be cancelled in 2016.      

Vedhæftede filer:

08_2016 Tryg initiates share buy back programme for 2016.pdf