Transactions in connection with and conclusion of share buy-back program
Company announcement no. 35 - 23
18 July 2023
Transactions in connection with and conclusion of share buy-back program
On 8 May 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 17 - 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 125,000,000, up to 350,000 shares (nominally DKK 7,000,000), corresponding to 1.55% of the current share capital of NTG.
The share buy-back program will run from 9 May 2023 to 28 July 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 | 284,336 | 122,143,161 | |
| 11 July 2023 | 5,319 | 450.6 | 2,396,972 |
| 12 July 2023 | 1,039 | 442.4 | 459,608 |
| Accumulated under the program | 290,694 | 124,999,740 |
With the transactions stated above, NTG owns a total of 1,343,146 treasury shares, corresponding to 5.93% 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. 17 - 23 has now been concluded as 290,694 shares, corresponding to an aggregate value of DKK 124,999,740, 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: Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager | +45 42 12 80 90 [email protected] |
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