Transactions in connection with share buy-back program
Company announcement no. 17 - 22
11 October 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 | 96,591 | 26,170,729 | |
| 04 October 2022 | 2,188 | 208.6 | 456,324 |
| 05 October 2022 | 4,380 | 206.2 | 903,260 |
| 06 October 2022 | 521 | 212.4 | 110,641 |
| 07 October 2022 | 3,761 | 213.2 | 801,684 |
| 10 October 2022 | 834 | 205.4 | 171,286 |
| Accumulated under the program | 108,275 | 28,613,924 |
With the transactions stated above, NTG owns a total of 471,976 treasury shares, corresponding to 2.08% 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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