Topdanmark has decided to allocate employee shares

 14 September 2022

Announcement no. 17/2022

Topdanmark has decided to allocate employee shares

By direction from the Executive Board, Topdanmark has today decided to offer employee shares to the employees for the period 1 November 2022 to 31 October 2023.

The allotment will be based on a cash salary reduction within the framework of section 7 (P) of the Danish Tax Assessment and will be effected on the first banking day following the announcement of the Q3 results 2023. Those participating in the scheme must be employees of Topdanmark A/S, Topdanmark Forsikring A/S or of subsidiaries directly or indirectly owned by Topdanmark Forsikring A/S. In order to be allotted employee shares, the employees must be employed on 1 October 2022 at the latest, must be paid by the month and must be employed at least eight hours per week. The employees must be employed on the time of share allotment in October 2023.

Topdanmark will be allotting own shares as employees shares. Thus, new issue will not take place.

The number of employee shares included in the scheme will depend on the number of employees accepting the offer. Consequently, it is impossible to determine the number of shares allotted pursuant to the scheme. The allotment of employee shares will not have an impact on the post-tax profit.

 

Please direct any queries to:

Lars Kufall Beck, CFO

Direct tel: +45 44 74 30 28

 

Robin Løfgren

Head of IR

Direct tel.: +45 4474 4017, mobile tel.: +45 2962 1691

 

Topdanmark A/S

CVR no. 78040017

Borupvang 4

2750 Ballerup