TrygVesta A/S – Weekly report on share buy backs
To OMX Nordic Exchange
Copenhagen, Announcement no. 19 - 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 16 June 2008, the following transactions have been made under the share buy back programme:
|
Number of shares |
Average purchase price |
Transaction value (DKK) |
16 June 2008 |
8,750 |
381.76 |
3,340,400.00 |
17 June 2008 |
25,000 |
392.22 |
9,805,500.00 |
18 June 2008 |
16,250 |
387.14 |
6,291,025.00 |
19 June 2008 |
37,500 |
377.27 |
14,147,625.00 |
20 June 2008 |
60,000 |
367.62 |
22,057,200.00 |
Accumulated |
147,500 |
377.23 |
55,641,750.00 |
Since the share buy back programme was initiated on 4 April 2008, the total number of repurchased shares is 996,250 for a total amount of DKK 394m.
With the transactions stated above, TrygVesta owns a total of 1,696,742 own shares, corresponding to 2.5% 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.