Company announcement no. 15 - 23
18 April 2023
Transactions in connection with and conclusion of 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||189,187||71,341,183|
|11 April 2023||9,128||400.8||3,658,552|
|Accumulated under the program||198,315||74,999,734|
With the transactions stated above, NTG owns a total of 1,076,177 treasury shares, corresponding to 4.75% of the current share capital of NTG.
Details of each transaction are included as appendix.
The share buy-back program announced in company announcement no. 6 - 23 has now been concluded as 198,315 shares, corresponding to an aggregate value of DKK 74,999,734, have been repurchased.
For additional information, please contact:
Christian D. Jakobsen, Group CFO
+45 42 12 80 99
Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager
+45 42 12 80 90