Topdanmark - weekly report on share buy-back 19
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19 December 2016 Announcement No. 72/2016
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 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 12 December to 16 December 2016:
| Number of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| 12 December 2016 | 25,000 | 179.80 | 4,495,000 |
| 13 December 2016 | 25,000 | 179.35 | 4,483,750 |
| 14 December 2016 | 35,000 | 178.69 | 6,254,150 |
| 15 December 2016 | 40,000 | 178.70 | 7,148,000 |
| 16 December 2016 | 40,000 | 178.65 | 7,146,000 |
| Total accumulated in the period | 165,000 | 178,95 | 29,526,900 |
| Total accumulated under the buy-back programme | 6,840,840 | 1,190,361,133 |
Following the transactions stated above, Topdanmark’s holding of own shares is 7,510,000 shares, corresponding to 7.91% 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
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