Topdanmark - weekly report on share buy-back

Udgivet den 20-06-2016  |  kl. 11:35  |  

20 June 2016
Announcement No. 34/2016

On 11 February 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 the European Commission's Regulation No. 2273/2003 of 22 December 2003, the "Safe Harbour-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 600m until 30 September 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 have been made under the share buy-back programme in the period from 13 June to 20 June 2016: 

  Number
of shares
Average purchase
price (DKK)
Transaction
value (DKK)
13 June 2016 46,000 162.86 7,491,560
14 June 2016 46,000 160.04 7,361,840
15 June 2016 46,000 160.45 7,380,700
16 June 2016 50,000 158.36 7,918,000
17 June 2016 45,000 159.85 7,193,250
Total accumulated in the period 233,000 160.28 37,345,350
Total accumulated under the buy-back programme 2,439,600   424,118,552

Following the transactions stated above, Topdanmark's holding of own shares is 13,342,000 shares, corresponding to 12.71% of the share capital.

Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Direct tel: +45 4474 4017, mobile: +45 4025 3524

 

Topdanmark A/S
Reg.No. 78040017
Borupvang 4

Udgivet af: NPinvestordk

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