A.P. Møller - Mærsk A/S Enhances Shareholder Value with Buy-Back
A.P. Møller - Mærsk A/S Share Buy-Back Program Overview
A.P. Møller - Mærsk A/S is embarking on an exciting journey for investors with a recently introduced share buy-back program aimed at up to DKK 14.4 billion (around USD 2 billion). This initiative, which aims to enhance shareholder value, will be executed over one year, starting with the first phase that runs from the 7th of February to the 6th of August in the designated timeframe. The company has set a limit for acquired shares during this first phase to a total market value of DKK 7.2 billion (around USD 1 billion).
Execution Under Regulations
This buy-back initiative will adhere to the EU Commission Regulation No. 596/2014 and subsequent regulations ensuring a safe trading environment. By complying with the Safe Harbour Regulation, A.P. Møller - Mærsk A/S guarantees transparency and compliance throughout the purchasing process.
Recent Transactions Summary
In the recent transactions taking place between the dates of February 17 to February 21, a total of 4,908 A shares were acquired at varying prices. Here’s a summary of the A shares purchased:
A Shares Details
The transactions in A shares included the purchase of 950 shares on February 17, with an average price of DKK 11,839.97 per share, amassing a total transaction value of around DKK 11,247,970. Subsequent purchases included 808 shares on February 18 and 1,100 shares on both February 19 and 20.
Summary of Transactions
By February 21, the total A shares acquired reached 10,392, indicating a strong commitment from A.P. Møller - Mærsk A/S towards bolstering its capital structure and returning value to shareholders. The transactions totaled approximately DKK 122,820,820 concerning A shares.
B Shares Overview
Alongside A shares, an impressive number of B shares has also been included in the program. As reported, 24,671 B shares were bought during the same period, translating to a total transaction value of DKK 304,789,270. This approach underlines A.P. Møller - Mærsk A/S commitment to shareholders, using funds from the market and a special foundation for buying back shares.
Commitment to Shareholders
The overall acquisition under the program, including both A and B shares, sums to a significant total of 58,516 shares purchased. A.P. Møller - Mærsk A/S not only enhances its own capital but also assures shareholders of a robust return on their investments. By initiating this buy-back, the company exemplifies strong leadership focused on creating substantial shareholder value.
Contact Information and Inquiries
For further details on the share buy-back program or any inquiries, you can reach out to:
Stefan Gruber, Head of Investor Relations, tel: +45 3363 3484
Jesper Lov, Head of Media Relations, tel: +45 6114 1521
Frequently Asked Questions
What is the purpose of the A.P. Møller - Mærsk A/S share buy-back program?
The primary purpose is to enhance shareholder value by reducing the number of shares outstanding and utilizing the company's cash reserves effectively.
How are the shares being purchased under the program?
The shares are being acquired through a structured timeframe, abiding by EU regulations, ensuring transparency and safety in the transactions.
What is the total amount allocated to this buy-back initiative?
A total budget of up to DKK 14.4 billion has been set aside for this buy-back program over the course of a year.
How many shares have been bought back so far?
As of the latest report, A.P. Møller - Mærsk A/S has successfully purchased a total of 10,392 A shares and 58,516 B shares.
Who can I contact for more information?
You can contact Stefan Gruber or Jesper Lov from the company’s Investor Relations team for any detailed inquiries regarding the buy-back program.
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