TrygVesta A/S – Weekly report on share buy backs
To OMX Nordic Exchange
Copenhagen, Announcement no. 22 - 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 3 March 2009.
Since the announcement of 30 June 2008, the following transactions have been made under the share buy back programme:
|
Number of shares |
Average purchase price |
Transaction value (DKK) |
30 June 2008 |
22,500 |
336.70 |
7,575,750.00 |
1 July 2008 |
25,000 |
325.32 |
8,133,000.00 |
2 July 2008 |
52,500 |
323.72 |
16,995,300.00 |
3 July 2008 |
25,000 |
319.30 |
7,982,500.00 |
4 July 2008 |
20,000 |
328.89 |
6,577,800.00 |
Accumulated |
145,000 |
325.96 |
47,264,350.00 |
Since the share buy back programme was initiated on 4 April 2008, the total number of repurchased shares is 1,305,500 for a total amount of DKK 499m.
With the transactions stated above, TrygVesta owns a total of 2,005,992 own shares, corresponding to 2.9% 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.