Topdanmark temporarily suspends its buy-back programme for 2016
24 February 2016
Announcement No. 14/2016
Topdanmark has been directed by the DFSA (the Danish Financial Authority) to suspend its buy-back programme for 2016.
The DFSA points out that, following the change to Solvency II, Topdanmark needs the approval of the DFSA before it can buy back own shares.
Topdanmark agrees with the DFSA’s judgement. Therefore, the buy-back programme is suspended from today’s date and until the DFSA has approved the planned buy-back.
It continues to be Topdanmark’s intention to buy back own shares of DKK 1,250m given the assumed profit for 2016, see: company announcement No. 10/2016.
The buy-back will be resumed when the DFSA has given its permission.
Please direct any queries to:
Steffen Heegaard, Group Communications and IR Director
Direct tel: +45 4474 4017, mobile: +45 4025 3524
Topdanmark A/S
Reg.No. 78040017
Borupvang 4
2750 Ballerup
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