Company Announcements

Transactions in connection with and conclusion of share buy-back program

3 October 2023

Company announcement no. 50 - 23
3 October 2023

Transactions in connection with and conclusion of share buy-back program

On 3 August 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 38 - 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 200,000 shares (nominally DKK 4,000,000), corresponding to 0.88% of the current share capital of NTG.

The share buy-back program will run from 4 August 2023 to 27 October 2023 at the latest, both days inclusive.

The following transactions have been made under the share buy-back program:

 Number of sharesAverage purchase price (DKK)Transaction value (DKK)
Accumulated, latest announcement180,874 65,608,490
26 September 20235,482361.31,980,643
27 September 20233,359360.01,209,102
28 September 20236,000360.02,160,000
29 September 20234,285368.11,577,506
Accumulated under the program200,000 72,535,740

With the transactions stated above, NTG owns a total of 1,387,472 treasury shares, corresponding to 6.13% 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. 38 - 23 has now been concluded as 200,000 shares, corresponding to an aggregate value of DKK 72,535,740, have been repurchased.

Additional information

For additional information, please contact:

Investor relations:
Christian D. Jakobsen, Group CFO                                    

+45 42 12 80 99
Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager

+45 42 12 80 90