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     122  0 Kommentare Transactions in connection with share buyback program

    Company announcement no. 7 - 21
    9 February 2021

    Transactions in connection with share buyback program

    On 18 November 2020 NTG Nordic Transport Group (“NTG”) announced a share buyback program, as described in Company announcement 43 - 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, 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 program NTG will purchase up to 165,000 of its own shares (nominally DKK 3,300,000), corresponding to 0.73% of the current share capital of NTG, for an aggregate maximum amount of DKK 30,000,000. The share buyback program will run from 19 November 2020 to 31 March 2021 at the latest, both days inclusive.

    The following transactions have been made under the program:

      Number of shares Average purchase price (DKK) Transaction value (DKK)
    Accumulated, latest announcement 74,732   17,343,704
    2 February 2021 3,500 223.8 783,199
    3 February 2021 2,515 223.4 561,877
    4 February 2021 2,384 220.3 525,289
    5 February 2021 1,616 219.1 354,089
    8 February 2021 870 217.0 188,816
    Accumulated under the program 85,617   19,756,974

    With the transactions stated above, NTG owns a total of 265,382 treasury shares, corresponding to 1.17% 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

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    Transactions in connection with share buyback program Company announcement no. 7 - 21 9 February 2021 Transactions in connection with share buyback program On 18 November 2020 NTG Nordic Transport Group (“NTG”) announced a share buyback program, as described in Company announcement 43 - 20. The …