Transactions in connection with and conclusion of share buy-back program
Company announcement no. 25 - 22
29 November 2022
Transactions in connection with and conclusion of 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 | 286,851 | 69,877,686 | |
| 22 November 2022 | 10,483 | 226.1 | 2,370,408 |
| 23 November 2022 | 6,460 | 225.9 | 1,459,635 |
| 24 November 2022 | 5,052 | 235.6 | 1,190,173 |
| 25 November 2022 | 1,154 | 236.1 | 272,496 |
| Accumulated under the program | 310,000 | 75,170,397 |
With the transactions stated above, NTG owns a total of 673,701 treasury shares, corresponding to 2.97% of the current share capital of NTG.
Details of each transaction are included as appendix.
The share buy-back program announced in company announcement 9 - 22 has now been concluded as 310,000 shares, corresponding to an aggregate value of DKK 75,170,397, have been repurchased.
Additional information
For additional information, please contact:
Investor relations: Christian D. Jakobsen, Group CFO | +45 42 12 80 99 [email protected] |
| Press: Mathias Jensen-Vinstrup, Executive Vice President | +45 42 12 80 90 [email protected] |
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