Topdanmark - weekly report on share buy-back
16 January 2017
Announcement No. 04/2017
On 15 November 2016, Topdanmark announced a buy-back programme of up to DKK 650m in its company announcement No. 67/2016. 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".
This buy-back programme is part of an overall buy-back programme of a total of DKK 1,450m, until 17 February 2017, approved by the DFSA.
Before 23 February 2017, Topdanmark will apply for DFSA-approval of the additional buy-back of DKK 200m, due to the upgrade. Accordingly, execution of the buy-back should take place in 2017.
In the period 12 February 2016 to 14 November 2016, shares at a value of DKK 1,000m were bought back, of the total DKK 1,450m share buy-back programme.
The following transactions were made under the share buy-back programme in the period from 9 January to 13 January 2017:
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
9 January 2017 | 30,000 | 176.71 | 5,301,300 |
10 January 2017 | 35,000 | 175.29 | 6,135,150 |
11 January 2017 | 35,000 | 175.03 | 6,126,050 |
12 January 2017 | 35,000 | 174.58 | 6,110,300 |
13 January 2017 | 36,000 | 176.30 | 6,346,800 |
Total accumulated in the period | 171,000 | 175.55 | 30,019,600 |
Total accumulated under the buy-back programme | 7,422,840 | 1,294,079,523 |
Following the transactions stated above, Topdanmark's holding of own shares is 8,092,000 shares, corresponding to 8.52% 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 17Mobile tel: +45 40 25 35 24
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup
Vedhæftede filer:
Attachment to buy-back 04-2017.pdf