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Transactions in connection with share buy-back program
Company announcement no. 14 - 22
20 September 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 | 55,944 |
| 17,349,039 |
13 September 2022 | 2,500 | 255.2 | 638,078 |
14 September 2022 | 3,006 | 249.9 | 751,078 |
15 September 2022 | 4,000 | 245.3 | 981,165 |
16 September 2022 | 3,210 | 231.6 | 743,531 |
19 September 2022 | 2,647 | 223.9 | 592,583 |
Accumulated under the program | 71,307 |
| 21,055,472 |
With the transactions stated above, NTG owns a total of 435,008 treasury shares, corresponding to 1.92% of the current share capital of NTG.
Details of each transaction are included as appendix.
Additional information
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Attachments
