Transactions in connection with share buy-back program
Company announcement no. 19 - 22
25 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 | 120,179 | 31,147,862 | |
| 18 October 2022 | 1,771 | 217.9 | 385,953 |
| 19 October 2022 | 8,841 | 212.3 | 1,876,813 |
| 20 October 2022 | 2,728 | 205.3 | 559,970 |
| 21 October 2022 | 1,800 | 203.8 | 366,905 |
| 24 October 2022 | 137 | 214.2 | 29,346 |
| Accumulated under the program | 135,456 | 34,366,849 |
With the transactions stated above, NTG owns a total of 499,157 treasury shares, corresponding to 2.20% 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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