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Transactions in connection with share buy-back program
Company announcement no. 2 - 23
10 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 | 126,175 |
| 30,230,452 |
03 January 2023 | 7,565 | 254.6 | 1,926,273 |
04 January 2023 | 7,476 | 253.2 | 1,892,638 |
05 January 2023 | 8,500 | 248.1 | 2,108,640 |
06 January 2023 | 7,824 | 238.5 | 1,866,024 |
09 January 2023 | 4,030 | 244.9 | 987,093 |
Accumulated under the program | 161,570 |
| 39,011,119 |
With the transactions stated above, NTG owns a total of 835,271 treasury shares, corresponding to 3.69% of the current share capital of NTG.
Details of each transaction are included as appendix.
Additional information
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Attachments
