Tryg A/S / Formal Notice 13.03.2013 14:42 Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- As stated in the 2012 Annual Report and in connection with the change in Tryg's capital structure, the Tryg Group will launch an extraordinary share buy back programme of DKK 800m corresponding to 1.7m shares at the current rate. The share buyback programme is launched subject to the authorisation granted to the Group's Supervisory Board by the Annual General Meeting on 15 April 2010. Tryg may purchase own shares up to 10% of the total share capital corresponding to 6,131,610 shares. The maximum number of shares, that can be purchased under the programme, are 5,510,318 shares as Tryg by the implementation of the share buyback program owns 621,292 treasury shares. At a future annual general meeting, the Supervisory Board will propose that the purchased shares be cancelled. The share buyback programme is launched and structured in compliance with the EU Commission Regulation no. 2273/2003 of 22 December 2003 (the so-called Safe Haven Regulation for share buy back), which ensures that the Group is protected against violation of insider legislation in connection with a share buy back programme. The majority shareholder, TryghedsGruppen smba, who owns 60% of Tryg, has agreed to participate pro rata in the share buy back programme. Hence, the free float of shares will continue to be 40%. The share buy back programme The share buy back programme is expected to be implemented from 15 March 2013 to the end of the year 2013. Tryg has entered into a contract with Nordea Bank Danmark A/S (Nordea), in which Nordea as Lead Manager handles purchase of shares on behalf of Tryg. Nordea handles all purchase transactions independently of, and without influence by, Tryg. The pro rata buy back from TryghedsGruppen smba is planned in the way that TryghedsGruppen smba on a daily basis will sell a number of Tryg shares settled at the volume weighed average purchase price of the shares purchased in compliance with the share buy back programme on the relevant day of trading, i.e. the owner's share of 60% is maintained. Tryg is entitled to stop the share buy back programme in the event of substantial changes to the Group's business or changes to the market. If the programme is stopped prematurely, Tryg will immediately disclose this in an announcement to Nasdaq OMX Copenhagen, and Nordea will refrain from repurchasing shares in the market and TryghedsGruppen smba shares. The following guidelines apply to Tryg's share buy back programme: -- The trading volume of own shares is limited to a total value of DKK 800m -- At the current rate per share, the maximum number of shares that may be repurchased is 1.7m shares, which is equivalent to 2,8% of Tryg's share capital. -- The daily volume of purchased shares cannot exceed 25% of the daily turnover on Nasdaq OMX Copenhagen and measured as an average of a period of running 20 trading days. -- Shares cannot be purchased at prices higher than the two following prices: - The price of the latest independent trade - The price of the highest independent bid on Nasdaq OMX Copenhagen. Tryg will announce the number of repurchased shares and the value of these shares in a separate announcement to Nasdaq OMX Copenhagen at the beginning of every week. At the launch of the share buy back programme, Tryg had 621,292 treasury shares or approx. 1% of the total share capital. These shares are for compliance of employees' share programmes. Read more about Tryg's dividend policy on: http://www.tryg.com/en/press/press-releases/2012/tryg_changes_dividend_policy.ht ml Additional information: For further information visit www.tryg.com or contact Investor Relations; -- Investor Relations Director Lars Moeller on +45 44 20 45 17 or lars.moeller@tryg.dk -- Investor Relations Manager Peter Brondt on +45 22 75 89 04 or peter.brondt@tryg.dk Tryg is the leading Nordic provider of 'peace of mind' solutions with property & casualty insurance operations in Denmark, Norway and Sweden. Tryg is listed on Nasdaq OMX Copenhagen and 60% of the shares are held by TryghedsGruppen smba. Click on, or paste the following link into your web browser, to view the associated documents https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=422857 News Source: NASDAQ OMX 13.03.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Tryg A/S . . . Dänemark Phone: . Fax: . E-mail: . Internet: . ISIN: DK0060013274 Category Code: FON LSE Ticker: 0GBV Sequence Number: 1371 Time of Receipt: March 13, 2013 14:42:19 End of Announcement DGAP News-Service =--------------------------------------------------------------------------
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March 13, 2013 09:44 ET (13:44 GMT)