Transactions in connection with share buy-back program
Company announcement no. 10 - 22
23 August 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) | |
| 15 August 2022 | 1,385 | 381.0 | 527,730 |
| 16 August 2022 | 2,527 | 374.0 | 945,208 |
| 17 August 2022 | 3,539 | 370.2 | 1,310,066 |
| 18 August 2022 | 4,523 | 353.3 | 1,598,025 |
| 19 August 2022 | 3,133 | 342.9 | 1,074,196 |
| 22 August 2022 | 1,750 | 328.8 | 575,482 |
| Accumulated under the program | 16,857 | 6,030,704 |
With the transactions stated above, NTG owns a total of 380,558 treasury shares, corresponding to 1.68% of the current share capital of NTG.
Details of each transaction are included as appendix.
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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