Company Announcements

Transactions in connection with and conclusion of share buy-back program

18 July 2023

Company announcement no. 35 - 23
18 July 2023

Transactions in connection with and conclusion of share buy-back program

On 8 May 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 17 - 23. 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 125,000,000, up to 350,000 shares (nominally DKK 7,000,000), corresponding to 1.55% of the current share capital of NTG.

The share buy-back program will run from 9 May 2023 to 28 July 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 announcement284,336 122,143,161
11 July 20235,319450.62,396,972
12 July 20231,039442.4459,608
Accumulated under the program290,694 124,999,740

With the transactions stated above, NTG owns a total of 1,343,146 treasury shares, corresponding to 5.93% 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. 17 - 23 has now been concluded as 290,694 shares, corresponding to an aggregate value of DKK 124,999,740, have been repurchased.

Additional information

For additional information, please contact:

Investor relations:
Christian D. Jakobsen, Group CFO                                    

+45 42 12 80 99
Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager

+45 42 12 80 90