TrygVesta A/S – Weekly report on share buy backs
To OMX Nordic Exchange
Copenhagen, Announcement no. 18 - 2008
On 4 April 2008 TrygVesta initiated a share buy back programme in compliance with the EU Commission Regulation no. 2273/2003 of 22 December 2003, the so-called Safe Harbour Regulative for share buy back.
Under the programme TrygVesta will purchase own shares for an amount of DKK 1,405m in the period from 4 April 2008 to the day prior to the release of the full year results 2008, which is planned to be released 2 March 2009.
Since the announcement of 9 June 2008, the following transactions have been made under the share buy back programme:
|
Number of shares |
Average purchase price |
Transaction value (DKK) |
9 June 2008 |
15,000 |
383.69 |
5,755,350.00 |
10 June 2008 |
20,000 |
383.02 |
7,660,400.00 |
11 June 2008 |
20,000 |
380.50 |
7,610,000.00 |
12 June 2008 |
10,000 |
378.90 |
3,789,000.00 |
13 June 2008 |
12,500 |
381.05 |
4,763,125.00 |
Accumulated |
77,500 |
381.65 |
29,577,875.00 |
Since the share buy back programme was initiated on 4 April 2008, the total number of repurchased shares is 848,750 for a total amount of DKK 338m.
With the transactions stated above, TrygVesta owns a total of 1,549,242 own shares, corresponding to 2.3% of the share capital. The total amount of shares in TrygVesta is 68m including own shares.
Additional information:
For further information visit www.trygvesta.com or contact Investor Relations;
TrygVesta is the leading Nordic provider of “peace of mind” solutions with property & casualty insurance operations in Denmark, Norway, Finland and Sweden. TrygVesta is listed on OMX Nordic Exchange Copenhagen and 60% of the shares are held by Tryg i Danmark smba.