Company announcement no. 4 - 23
24 January 2023
Transactions in connection with and conclusion of 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||191,885||46,808,818|
|17 January 2023||2,780||258.6||718,955|
|18 January 2023||3,712||261.4||970,208|
|19 January 2023||3,951||259.7||1,026,201|
|20 January 2023||1,833||259.6||475,780|
|Accumulated under the program||204,161||49,999,961|
With the transactions stated above, NTG owns a total of 877,862 treasury shares, corresponding to 3.88% of the current share capital of NTG.
Details of each transaction are included as appendix.
The share buy-back program announced in company announcement no. 27 - 22 has now been concluded as 204,161 shares, corresponding to an aggregate value of DKK 49,999,961, have been repurchased.
For additional information, please contact:
Christian D. Jakobsen, Group CFO
+45 42 12 80 99
Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager
+45 42 12 80 90