Topdanmark A/S
Topdanmark Forsikring A/S – Redemption of subordinated notes
Topdanmark A/S 18.05.2015 16:46 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 18 May 2014 On 18 June 2010 Topdanmark Forsikring A/S issued subordinated notes of DKK 350m as subordinated loan capital. These subordinated notes will be redeemed on 18 June 2018 at par. However, from 18 June 2015 Topdanmark Forsikring A/S may redeem early at par subject to the prior approval of the Danish Financial Supervisory Authority. Given the terms of the bonds and the capital position of Topdanmark Forsikring A/S the Company's Board of Directors has decided to redeem early thus, after a maturity of five years, paying back the loan to the investors at par on 18 June 2015. The Danish Financial Authority has pre-approved the redemption. The expectation is that Topdanmark will raise a new subordinated loan, which will be discussed at the next Board meeting on 20 May 2015. Please direct any queries to: Steffen Heegaard, Head of IR and Group Communications Direct tel: +45 4474 4017, Mobile: +45 4025 3524 Topdanmark Forsikring A/S Reg.No. 78416114 Borupvang 4 2750 Ballerup News Source: NASDAQ OMX 18.05.2015 The DGAP 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: Topdanmark A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060477503 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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