31 October 2016 Announcement No. 65/2016
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, approved by the DFSA.
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 24 October to 28 October 2016:
| Number of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| 24 October 2016 | 50,000 | 183.03 | 9,151,500 |
| 25 October 2016 | 55,000 | 182.86 | 10,057,300 |
| 26 October 2016 | 55,000 | 180.95 | 9,952,250 |
| 27 October 2016 | 60,000 | 181.05 | 10,863,000 |
| 28 October 2016 | 41.000 | 181.42 | 7,438,220 |
| Total accumulated in the period | 261,000 | 181.85 | 47,462,270 |
| Total accumulated under the buy-back programme | 5,589,820 | 964,938,074 |
Following the transactions stated above, Topdanmark’s holding of own shares is 6,379,000 shares, corresponding to 6.71% 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
