Transactions in connection with share buyback program

Nachrichtenquelle: globenewswire
30.06.2020, 20:39  |  101   |   |   

Company announcement no. 16 - 20
30 June 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 25,138   2,392,681
23 June 2020 846 94.86 80,250
24 June 2020 898 96.62 86,768
25 June 2020 1,700 96.18 163,507
26 June 2020 831 96.20 79,942
29 June 2020 856 95.25 81,533
Accumulated under the program 30,269   2,884,681

With the transactions stated above, NTG owns a total of 187,172 treasury shares, corresponding to 0.83% 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
Martin Diernisse, Group Director                                      +45 76 32 09 90
                                                                                                press@ntg.dk

Attachments


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