Topdanmark - weekly report on share buy-back 27
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27 December 2016 Announcement No. 73/2016
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 19 December to 23 December 2016:
| Number of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| 19 December 2016 | 45,000 | 178.17 | 8,017,650 |
| 20 December 2016 | 45,000 | 179.51 | 8,077,950 |
| 21 December 2016 | 45,000 | 179.97 | 8,098,650 |
| 22 December 2016 | 44,000 | 180.16 | 7,927,040 |
| 23 December 2016 | 20,000 | 180.67 | 3,613,400 |
| Total accumulated in the period | 199,000 | 179.57 | 35,734,690 |
| Total accumulated under the buy-back programme | 7,039,840 | 1,226,095,823 |
Following the transactions stated above, Topdanmark’s holding of own shares is 7,709,000 shares, corresponding to 8.11% 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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