Transactions in connection with and conclusion of share buy-back program
Company announcement no. 4 - 23
24 January 2023
Transactions in connection with and conclusion of 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 | 191,885 | 46,808,818 | |
| 17 January 2023 | 2,780 | 258.6 | 718,955 |
| 18 January 2023 | 3,712 | 261.4 | 970,208 |
| 19 January 2023 | 3,951 | 259.7 | 1,026,201 |
| 20 January 2023 | 1,833 | 259.6 | 475,780 |
| Accumulated under the program | 204,161 | 49,999,961 |
With the transactions stated above, NTG owns a total of 877,862 treasury shares, corresponding to 3.88% 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. 27 - 22 has now been concluded as 204,161 shares, corresponding to an aggregate value of DKK 49,999,961, have been repurchased.
Additional information
For additional information, please contact:
|
Investor relations: Christian D. Jakobsen, Group CFO |
+45 42 12 80 99 ir@ntg.com |
|
Press: Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager |
+45 42 12 80 90 press@ntg.com |
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