Transactions in connection with share buy-back program
Company announcement no. 3 - 23
17 January 2023
Transactions in connection with share buy-back program
On 6 December 2022 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 27 - 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 50,000,000, up to 240,000 shares (nominally DKK 4,800,000), corresponding to 1.06% of the current share capital of NTG.
The share buy-back program will run from 7 December 2022 to 7 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 | 161,570 | 39,011,119 | |
| 10 January 2023 | 5,997 | 252.5 | 1,514,111 |
| 11 January 2023 | 7,420 | 262.8 | 1,949,680 |
| 12 January 2023 | 7,267 | 257.5 | 1,871,253 |
| 13 January 2023 | 7,000 | 257.0 | 1,799,000 |
| 16 January 2023 | 2,631 | 252.2 | 663,655 |
| Accumulated under the program | 191,885 | 46,808,818 |
With the transactions stated above, NTG owns a total of 865,586 treasury shares, corresponding to 3.82% 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: Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager | +45 42 12 80 90 [email protected] |
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