Company announcement no. 14 - 22
20 September 2022
Transactions in connection with share buy-back program
On 12 August 2022 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 9 - 22. 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 100,000,000, up to 310,000 shares (nominally DKK 6,200,000), corresponding to 1.37% of the current share capital of NTG.
The share buy-back program will run from 15 August 2022 to 31 March 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||55,944||17,349,039|
|13 September 2022||2,500||255.2||638,078|
|14 September 2022||3,006||249.9||751,078|
|15 September 2022||4,000||245.3||981,165|
|16 September 2022||3,210||231.6||743,531|
|19 September 2022||2,647||223.9||592,583|
|Accumulated under the program||71,307||21,055,472|
With the transactions stated above, NTG owns a total of 435,008 treasury shares, corresponding to 1.92% of the current share capital of NTG.
Details of each transaction are included as appendix.
For additional information, please contact:
Christian D. Jakobsen, Group CFO
+45 42 12 80 99
Mathias Jensen-Vinstrup, Executive Vice President
+45 42 12 80 90