Transactions in connection with share buy-back program
Company announcement no. 48 - 23
19 September 2023
Transactions in connection with share buy-back program
On 3 August 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 38 - 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 200,000 shares (nominally DKK 4,000,000), corresponding to 0.88% of the current share capital of NTG.
The share buy-back program will run from 4 August 2023 to 27 October 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 | 126,363 | 45,544,693 | |
| 12 September 2023 | 9,263 | 342.9 | 3,176,158 |
| 13 September 2023 | 4,797 | 340.3 | 1,632,373 |
| 14 September 2023 | 4,102 | 366.0 | 1,501,333 |
| 15 September 2023 | 4,689 | 379.5 | 1,779,282 |
| 18 September 2023 | 4,039 | 378.4 | 1,528,530 |
| Accumulated under the program | 153,253 | 55,162,368 |
With the transactions stated above, NTG owns a total of 1,340,725 treasury shares, corresponding to 5.92% of the current share capital of NTG.
Details of each transaction are included as appendix.
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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