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.
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