A.P. Møller - Mærsk A/S Share Buyback Program Details

Understanding A.P. Møller - Mærsk A/S's Buyback Program
In an exciting development for investors, A.P. Møller - Mærsk A/S has launched a comprehensive share buy-back program. This initiative, aiming to repurchase shares up to a remarkable DKK 14.4 billion (approximately USD 2 billion), is a strategic move designed to bolster shareholder value and confidence.
Key Features of the Share Buy-back Program
The buy-back program is scheduled to unfold over a span of 12 months, commencing with its first phase from 7 February through 6 August. Within this initial phase, the company plans to use up to DKK 7.2 billion (about USD 1 billion) for share acquisitions, which reflects a proactive approach to capital management and an unwavering commitment to enhance shareholder returns.
Regulatory Compliance
A.P. Møller - Mærsk A/S will execute this buy-back initiative following the guidelines set forth by the EU Commission Regulation No. 596/2014, ensuring transparency and adherence to legal standards within the marketplace.
Recent Transactions Under the Buy-back Program
Looking at the progress made from 30 June to 4 July, the company has undertaken notable transactions that contribute significantly to the overall buy-back objective. The details are as follows:
A Shares Summary
From the start date to 4 July, the company had accumulated 76,993 A shares. The latest transactions involved:
- On 30 June: 647 A shares purchased at an average price of 11,754.95 DKK.
- On 1 July: 737 A shares purchased at an average price of 11,668.47 DKK.
- On 2 July: 700 A shares purchased at an average price of 11,935.24 DKK.
- On 3 July: 800 A shares purchased at an average price of 11,806.30 DKK.
- On 4 July: 850 A shares purchased at an average price of 11,625.76 DKK.
The total number of A shares acquired during this period amounted to 3,734, reflecting a substantial transaction value of 43,886,720 DKK.
B Shares Summary
Alongside A shares, the company has also focused on repurchasing B shares. The acquisition details include:
- On 30 June: 3,329 B shares purchased at an average price of 11,831.55 DKK.
- On 1 July: 3,608 B shares purchased at an average price of 11,779.58 DKK.
- On 2 July: 3,508 B shares purchased at an average price of 12,058.28 DKK.
- On 3 July: 4,008 B shares purchased at an average price of 11,930.63 DKK.
- On 4 July: 4,260 B shares purchased at an average price of 11,744.09 DKK.
These transactions amounted to a total of 18,713 B shares, with a total transaction value of 222,036,144 DKK.
Conclusion and Company Ownership Insights
With the completion of these transactions, A.P. Møller - Mærsk A/S now holds a significant number of treasury shares—76,993 A shares and 543,047 B shares. This ownership corresponds to approximately 3.92% of the company's total share capital, illustrating the firm’s strategic emphasis on shareholder value and financial strength.
Frequently Asked Questions
What is the purpose of A.P. Møller - Mærsk A/S's buy-back program?
The buy-back program aims to enhance shareholder value and demonstrate confidence in the company's financial health.
How much will A.P. Møller - Mærsk A/S spend on share repurchases?
The company plans to execute a buy-back program of up to DKK 14.4 billion, with the first phase allowing for DKK 7.2 billion.
What recent transactions have taken place under the program?
From 30 June to 4 July, numerous transactions occurred, acquiring both A and B shares, with specific quantities and values detailed in the report.
How many shares does A.P. Møller - Mærsk A/S currently own under the buy-back program?
The company currently owns a total of 76,993 A shares and 543,047 B shares as treasury shares.
Who can I contact for more information on the buy-back program?
For inquiries, you can contact Stefan Gruber, Head of Investor Relations, or Jesper Lov, Head of Media Relations, at the respective phone numbers provided in the report.
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