Brief: Topdanmark Cuts Dividend Proposal To Finance Acquisition Of Oona Health

Topdanmark A/S

16/03/2023 09:14

March 16 (Reuters) - Topdanmark Forsikring A/S  TOP.CO :
    * ACQUIRES OONA HEALTH A/S
    * PURCHASE PRICE AMOUNTS TO DKK 2.25 BLN
    * TO FUND ACQUISITION, TOPDANMARK'S BOARD DECIDED TO REDUCE
PROPOSED DIVIDEND FOR 2022 FROM PREVIOUSLY ANNOUNCED DKK 53.5
PER SHARE TO DKK 31 PER SHARE
    * TOTAL DIVIDEND IS STILL MADE UP OF ORDINARY DIVIDEND OF
DKK 11
PER SHARE, WHEREAS EXTRA DIVIDEND AMOUNTS TO DKK 20 PER SHARE
    * DEAL WILL HAVE A MARGINAL EFFECT ON TOPDANMARK’S SOLVENCY
POSITION DUE TO DIVERSIFICATION EFFECTS IN THE GROUP
    * CLOSING OF TRANSACTION IS, AMONG OTHER THINGS, SUBJECT TO
RELEVANT REGULATORY APPROVALS
    * AT PRESENT, TRANSACTION IS EXPECTED TO BE COMPLETED IN
SECOND
HALF OF 2023
    * DEAL TO HAVE LIMITED FINANCIAL IMPACT IN 2023, HENCE
PROFIT
FORECAST MODEL FOR 2023 OF DKK 1.05-1.31BN IS MAINTAINED

Source text for Eikon:  ID:nFWN35O0CP 
Further company coverage:  TOP.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))