TrygVesta A/S – Weekly report on share buy backs
To OMX Nordic Exchange Copenhagen, Announcement no. 38 - 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 13 October 2008, the following transactions have been made under the share buy back programme:
|
Number of shares |
Average purchase price |
Transaction value (DKK) |
13 October 2008 |
23,000 |
323.23 |
7,434,290.00 |
14 October 2008 |
19,500 |
336.67 |
6,565,065.00 |
15 October 2008 |
3,000 |
333.75 |
1,001,250.00 |
16 October 2008 |
4,750 |
326.53 |
1,551,017.50 |
17 October 2008 |
13,000 |
330.78 |
4,300,140.00 |
Accumulated |
63,250 |
329.67 |
20,851,762.50 |
Since the share buy back programme was initiated on 4 April 2008, the total number of repurchased shares is 2,445,125 for a total amount of DKK 882m.
With the transactions stated above, TrygVesta owns a total of 3,086,028 own shares, corresponding to 4.5% 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 TryghedsGruppen smba.