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Transactions in connection with share buyback program

NTG Nordic Transport Group A/S
·2-min read

Company announcement no. 39 - 20
13 October 2020

Transactions in connection with share buyback program

On May 25, 2020 NTG Nordic Transport Group (“NTG”) announced a share buyback program, as described in Company announcement 09 - 20. 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 (Market Abuse Regulation) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbor rules.

The purpose of the program is to meet obligations relating to acquisition of minority shareholders’ shares in NTG subsidiaries under the “Ring-the-Bell” concept and to cover obligations arising under future share-based incentive programs and potentially for other purposes such as payment in relation to potential M&A transactions.

Under the program NTG will purchase up to 200,000 of its own shares (nominally DKK 4,000,000), corresponding to 0.89% of the current share capital of NTG, for an aggregate maximum amount of DKK 20,000,000. The share buyback program will run from 26 May 2020 to 30 December 2020 at the latest, both days inclusive.

The following transactions have been made under the program:

Number of shares

Average purchase price

Transaction value (DKK)

Accumulated, latest announcement

129,993

14,589,291

06 October 2020

311

143.10

44,505

07 October 2020

2,689

148.22

398,554

08 October 2020

2,900

149.32

433,028

09 October 2020

2,006

149.11

299,110

12 October 2020

3,050

157.67

480,895

Accumulated under the program

140,949

16,245,381

With the transactions stated above, NTG owns a total of 158,734 treasury shares, corresponding to 0.70% of the company’s share capital.

Details of each transaction are included as appendix.

Additional information
For additional information, please contact:

Investor relations
Christian D. Jakobsen, Group CFO +45 76 32 09 89
ir@ntg.dk
Press
Mathias Jensen-Vinstrup, Group Director +45 76 32 09 90
press@ntg.dk

Attachments