3 October 2016 Announcement No. 58/2016
On 16 August 2016, Topdanmark announced a buy-back programme of up to DKK 401m in its company announcement No. 44/2016. 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 17 August 2016 to 14 November 2016.
This buy-back programme is part of an overall buy-back programme of a total of DKK 1,450m, 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 15 August 2016, shares at a value of DKK 599m 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 26 September to 30 September 2016:
| Number of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| 26 September 2016 | 32,000 | 185.77 | 5,944,640 |
| 27 September 2016 | 26,000 | 185.78 | 4,830,280 |
| 28 September 2016 | 30,000 | 186.50 | 5,595,000 |
| 29 September 2016 | 30,000 | 186.14 | 5,584,200 |
| 30 September 2016 | 20,000 | 185.26 | 3,705,200 |
| Total accumulated in the period | 138,000 | 185.94 | 25,659,320 |
| Total accumulated under the buy-back programme | 4,701,820 | 802,067,114 |
Following the transactions stated above, Topdanmark’s holding of own shares is 5,491,000 shares, corresponding to 5.78% 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
