Last Updated on November 8, 2022 by GlobeNewsWire
Company announcement no. 22 – 228 November 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 sharesAverage purchase price (DKK)Transaction value (DKK)Accumulated, latest announcement149,555 37,791,61701 November 20228,000250.92,006,82502 November 20227,639237.31,812,82403 November 20226,784233.31,582,79904 November 202210,288235.02,417,45307 November 20228,461250.22,117,105Accumulated under the program190,727 47,728,622
With the transactions stated above, NTG owns a total of 554,428 treasury shares, corresponding to 2.45% of the current share capital of NTG.
Details of each transaction are included as appendix.
For additional information, please contact:
Investor relations:Christian D. Jakobsen, Group CFO
+45 42 12 80 99 firstname.lastname@example.org
Press:Mathias Jensen-Vinstrup, Executive Vice President+45 42 12 80 email@example.com