DFDS A/S Launches Share Buyback Program to Boost Value
Overview of DFDS A/S Share Buyback Program
On February 9, 2024, DFDS A/S highlighted its commitment to shareholders by announcing the commencement of a share buyback program. This initiative aims to comply with rigorous regulations, including the EU Market Abuse Regulation.
Financial Allocation and Share Repurchase Targets
The program intends to allocate up to DKK 431 million for the repurchase of shares between February 12, 2024, and December 31, 2024. DFDS plans to buy back a maximum of 3,400,000 shares. Notably, this plan includes shares acquired under the Safe Harbour rules along with shares purchased through a pro-rata agreement with Lauritzen Fonden Holding ApS.
Transaction Summary from 2nd to 6th September 2024
During the week spanning from September 2 to September 6, 2024, several transactions took place under the buyback program. Here’s a summary of the shares repurchased:
Share Buyback Details
The following transactions occurred:
- September 2, 2024: 12,000 shares at an average price of DKK 183, totaling DKK 2,199,041.
- September 3, 2024: 10,000 shares at an average price of DKK 184, with a total value of DKK 1,838,780.
- September 4, 2024: 5,000 shares at an average price of DKK 179 for DKK 894,473.
- September 5, 2024: 4,000 shares at DKK 180, resulting in a transaction value of DKK 719,399.
- September 6, 2024: The company purchased 5,000 shares at DKK 175, totaling DKK 876,250.
By the end of this period, a total of 36,000 shares were repurchased at an average price of DKK 181, resulting in an overall transaction value of DKK 6,527,942.
Current Treasury Shares and Market Position
Following these transactions, DFDS now holds a total of 3,266,625 treasury shares, which represents 5.6% of its entire capital. This strategic move enhances their standing in the market, creating value for existing stakeholders.
Contact Information
For further inquiries, please reach out to:
Søren Brøndholt Nielsen, IR +45 33 42 33 59
About DFDS A/S
DFDS is a notable company operating a comprehensive transport network throughout Europe, boasting an impressive revenue of DKK 28 billion and employing around 14,000 individuals. The company specializes in moving goods via ferry, road, and rail, and also provides associated transport and logistics solutions. Additionally, DFDS accommodates both car and foot passengers on short sea and overnight ferry routes.
Company Heritage
Founded in 1866, DFDS has built a legacy of trust and efficiency, with its headquarters based in Copenhagen. As a publicly listed entity, the company is focused on sustainable growth and shareholder returns.
Frequently Asked Questions
What is the purpose of DFDS A/S's share buyback program?
The program aims to enhance shareholder value by repurchasing shares in accordance with market regulations.
How much is DFDS A/S planning to spend on the buyback?
DFDS intends to allocate up to DKK 431 million for the buyback of shares during the specified period.
What is the duration of the share buyback program?
The buyback program runs from February 12, 2024, to December 31, 2024.
How many shares is DFDS A/S looking to repurchase?
The company plans to repurchase a maximum of 3,400,000 shares.
Where is DFDS A/S headquartered?
DFDS is headquartered in Copenhagen, Denmark, and has been operational since 1866.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Darren Thompson Joins Exchange Solutions to Boost Partnerships
- Investors Can Lead Class Action Against ZoomInfo Technologies
- Boeing Co. Secures Tentative Agreement, Boosting Stock Outlook
- Schneider Electric and GR3N Partner to Innovate Plastic Recycling
- Realtor.com® Unveils Cutting-Edge AI Renovation Tool
- FDA Grants GRAS Status to Innodal's Food Processing Innovation
- James Grimaldi Becomes Executive Editor of National Catholic Reporter
- Glass Flake Coatings Market Expected to Reach $4.09 Billion
- Zhihu Inc. Undertakes Tender Offers for Class A Shares
- Know Your Rights as a Shareholder of NANO Nuclear Energy Inc.
Recent Articles
- ISS A/S Accelerates Share Buyback Program to Increase Value
- PLAY Airlines Sets Record Load Factor and Expands Routes
- Sydbank's Week 36 Share Buyback Program Insights Revealed
- MGI's CycloneSEQ Technology Revolutionizes Genomic Sequencing
- Trampoline Market Poised for $1.5 Billion Growth by 2035
- Exploring Innovations at the Global Energy Transition Forum
- Discover Convergence 2024: Transforming Supply Chain Solutions
- Citi Analysts Predict Significant Rate Cuts Ahead
- Japanese Hedge Funds Gain Traction Amid Market Resilience
- Downward Trends in Indonesia's Stock Market Performance
- Dell Technologies Soars: S&P 500 Inclusion and Growth Prospects
- Merlin Chain Reigns Supreme as Bitcoin's Leading Layer 2 Solution
- Recent Market Trends: Fear Surges as Major Stocks Drop
- Tech Sector Struggles Despite AI Hype: Investors Weigh In
- Marshall Group's Continued Success in the Audio Industry
- Stocks to Keep an Eye on This Week: Earnings and Moves
- Midea's Indoor Hybrid Heat Pump Revolutionizes Home Heating
- Discover the Exciting Forex Roadshow by SquaredFinancial
- Thailand's Economic Stimulus: $4.2 Billion Handout Initiative
- Exploring the Rise of the Global Chemical Distribution Market
- GTreasury Strengthens Market Position with CashAnalytics Deal
- OKX Introduces Catizen's CATI Token with Exciting Campaign
- InterDigital Set to Drive 6G Insights at Annual Symposium
- Danske Bank's Strategic Move: Share Buy-Back Insights
- Alm. Brand A/S Updates Share Buybacks Effectively
- iPhone 16 Launch Sparks Major Upgrade Anticipation for Apple
- Celebrating Innovations at 2024 GPTIAwards Event in Berlin
- Marshall Group Sees Robust Growth in Recent Quarter
- MainStreaming Welcomes Ian Franklyn as New Chief Revenue Officer
- Empowering ISPs: Strategic Imperatives Unveils Elevate Solution
- MainStreaming Welcomes Ian Franklyn as Chief Revenue Officer
- Marshall Group's Impressive Growth Continues This Quarter
- Seven & i Holdings Responds to Alimentation Couche-Tard Proposal
- Oil Prices Rise Amid Hurricane Fears and Job Data Impact
- Understanding Totalkredit A/S Prepayment Data for Investors
- Eckoh Plc Update: Recent Dealings and Key Information
- Breakthrough Results in Graves’ Disease Treatment by Immunovant
- Wall Street Analysts Update Earnings Predictions for ASO
- Navigating Monetary Policy: Key Questions for the ECB's Future
- Stock Futures Rise Amid Fed Rate Cut Speculations
- FTSE 100 Rallies on Positive Forecast from Entain Group
- European Markets Show Resilience with Positive Start This Week
- In-Depth Overview of Nykredit Realkredit A/S Prepayments
- Jim Cramer's Warning: Apple Faces Challenges Ahead of iPhone Launch
- Ping An Insurance Achieves New Milestone in Sustainability
- RBC Analysts Express Serious Concerns Over Tech Layoffs
- Understanding Stock Market Trends Beyond Political Influence
- Positive Trends in S&P 500 Earnings Estimates Insight
- Recent Trends in Bitcoin ETFs and Market Insights
- Rejuvenate Muscle Activator™: A Breakthrough in Muscle Health