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Transactions in connection with share buy-back program
Company announcement no. 8 - 23
14 March 2023
Transactions in connection with share buy-back program
On 8 March 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 6 - 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 75,000,000, up to 250,000 shares (nominally DKK 5,000,000), corresponding to 1.10% of the current share capital of NTG.
The share buy-back program will run from 9 March 2023 to 5 May 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) |
09 March 2023 | 6,000 | 350.7 | 2,103,910 |
10 March 2023 | 7,500 | 355.8 | 2,668,181 |
13 March 2023 | 8,000 | 349.0 | 2,792,154 |
Accumulated under the program | 21,500 |
| 7,564,244 |
With the transactions stated above, NTG owns a total of 899,362 treasury shares, corresponding to 3.97% of the current share capital of NTG.
Details of each transaction are included as appendix.
Additional information
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Attachments
