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Company announcement no. 14 – 23
11 April 2023
Transactions in connection with share buy–back program
On 8 March 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 6 – 23. The program will be executed in accordance with the principles of Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbor rules.
The purposes of the share buy-back program are to meet obligations relating to acquisition of minority shareholders’ shares in NTG subsidiaries under the “Ring-the-Bell” concept, cover obligations arising under share-based incentive programs, and potentially for other purposes such as payment in relation to potential M&A transactions.
Under the share buy-back program NTG will purchase its own shares for an aggregate maximum amount of DKK 75,000,000, up to 250,000 shares (nominally DKK 5,000,000), corresponding to 1.10% of the current share capital of NTG.
The share buy-back program will run from 9 March 2023 to 5 May 2023 at the latest, both days inclusive.
The following transactions have been made under the share buy-back program:
| Number of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Accumulated, latest announcement | 169,605 | 63,591,206 | |
| 04 April 2023 | 9,552 | 395.9 | 3,782,002 |
| 05 April 2023 | 10,030 | 395.6 | 3,967,975 |
| Accumulated under the program | 189,187 | 71,341,183 |
With the transactions stated above, NTG owns a total of 1,067,049 treasury shares, corresponding to 4.71% of the current share capital of NTG.
Details of each transaction are included as appendix.
Additional information
For additional information, please contact:
|
Investor relations: |
+45 42 12 80 99 |
| Press: Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager |
+45 42 12 80 90 [email protected] |
- Company announcement no 14_2023
- Appendix_company announcement no 14_2023
