TrygVesta A/S – Weekly report on share buy backs
To OMX Nordic Exchange
Copenhagen, Announcement no. 23 - 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 7 July 2008, the following transactions have been made under the share buy back programme:
|
Number of shares |
Average purchase price |
Transaction value (DKK) |
7 July 2008 |
25,000 |
324.32 |
8,108,000.00 |
8 July 2008 |
15,000 |
319.17 |
4,787,550.00 |
9 July 2008 |
18,750 |
330.30 |
6,193,125.00 |
10 July 2008 |
12,500 |
332.02 |
4,150,250.00 |
11 July 2008 |
15,000 |
328.60 |
4,929,000.00 |
Accumulated |
86,250 |
326.58 |
28,167,925.00 |
Since the share buy back programme was initiated on 4 April 2008, the total number of repurchased shares is 1,391,750 for a total amount of DKK 527m.
With the transactions stated above, TrygVesta owns a total of 2,092,242 own shares, corresponding to 3.1% 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.