Updates on Share Buy-Back Program
A.P. Møller - Mærsk A/S has recently announced key developments with its share buy-back program, aiming to enhance shareholder value significantly. The Company plans to buy back shares valued at DKK 14.4 billion, approximately USD 2 billion, over a one-year period.
Program Overview
The share buy-back initiative will unfold in phases, starting from 7 February until 6 August of the following year, with an initial budget of DKK 7.2 billion (around USD 1 billion). This structured approach enables the Company to gradually purchase its shares while considering market conditions.
Legal Framework and Compliance
The program will be executed in alignment with the EU Commission Regulation No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, ensuring compliance with all regulatory standards and providing a framework designed to protect investors and maintain market integrity.
Recent Transactions in Buy-Back Program
From July 21 to July 25, the following transactions were conducted:
Transaction Summary (21-25 July)
During this five-day period, A.P. Møller - Mærsk A/S purchased a total of 3,670 A shares, culminating in a total transaction value of DKK 48,442,360. This brings the cumulative A shares acquired to 86,932 and a total market value of DKK 1,021,814,930.
Breakdown by Date
On July 21, the Company bought 790 A shares at an average price of DKK 12,881.76, totaling DKK 10,176,590. The following days saw similar purchases, with shares acquired on subsequent days contributing to the overall buy-back strategy.
Foundation Participation and Share Capital Impact
Notably, A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond is also participating in these transactions based on a pre-existing agreement. The Foundation purchased a total of 2,406 B shares during this period, contributing to a combined total of 492,424 shares purchased under the program.
Currently, A.P. Møller - Mærsk A/S holds a total of 86,932 A shares along with 599,314 B shares in treasury, equating to approximately 4.34% of the total share capital. This strategic accumulation further solidifies the company’s commitment to maximizing shareholder returns and fosters investor confidence.
Future Outlook
The continuation of this buy-back program underscores A.P. Møller - Mærsk A/S's robust financial health and proactive approach towards capital management. Stakeholders can anticipate further updates as the program progresses, aimed at maintaining a balance between growth and shareholder enrichment.
For more details regarding these financial transactions, the Company has prepared a detailed appendix that outlines individual transactions during this reporting period.
Contact Information
For inquiries, please reach out to:
Stefan Gruber, Head of Investor Relations, at +45 3363 3484.
Jesper Lov, Head of Media Relations, at +45 6114 1521.
Frequently Asked Questions
What is the purpose of A.P. Møller - Mærsk A/S's share buy-back program?
The purpose is to enhance shareholder value and manage the company's capital structure effectively.
How much will A.P. Møller - Mærsk A/S spend on the buy-back program?
The company plans to spend up to DKK 14.4 billion, about USD 2 billion, over the duration of the program.
What is the timeline for the buy-back program?
The program will run for 12 months, starting from 7 February until 6 August of the following year.
How many shares have been repurchased so far?
As of the latest report, A.P. Møller - Mærsk A/S has repurchased 86,932 A shares.
Who is participating in the share buy-back program?
A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond is participating as per a separate agreement alongside the Company.
