Overview of DFDS A/S Share Buyback Program
On February 9, 2024, DFDS A/S reaffirmed its dedication to shareholders by announcing the launch of a share buyback program. This initiative is designed to adhere to strict regulations, including the EU Market Abuse Regulation.
Financial Allocation and Share Repurchase Goals
The program plans to allocate as much as DKK 431 million for share repurchases from February 12, 2024, through December 31, 2024. DFDS aims to buy back a maximum of 3,400,000 shares. Importantly, this strategy includes shares acquired under Safe Harbour rules, as well as shares purchased through a pro-rata agreement with Lauritzen Fonden Holding ApS.
Transaction Summary from September 2 to September 6, 2024
Between September 2 and September 6, 2024, several transactions were executed under the buyback program. Below is a summary of the shares that were repurchased:
Share Buyback Details
Here are the transactions that took place:
- September 2, 2024: 12,000 shares purchased at an average price of DKK 183, totaling DKK 2,199,041.
- September 3, 2024: 10,000 shares acquired at an average price of DKK 184, amounting to DKK 1,838,780.
- September 4, 2024: 5,000 shares bought at an average price of DKK 179, resulting in DKK 894,473.
- September 5, 2024: 4,000 shares purchased at DKK 180, leading to a transaction value of DKK 719,399.
- September 6, 2024: The company acquired 5,000 shares at DKK 175, totaling DKK 876,250.
By the conclusion of this period, a total of 36,000 shares had been repurchased at an average price of DKK 181, culminating in an overall transaction value of DKK 6,527,942.
Current Treasury Shares and Market Position
As a result of these transactions, DFDS now holds 3,266,625 treasury shares, which accounts for 5.6% of its total capital. This strategic decision bolsters their market position and creates value for existing stakeholders.
Contact Information
If you have any questions, please contact:
Søren Brøndholt Nielsen, IR +45 33 42 33 59
About DFDS A/S
DFDS is a prominent company that operates a vast transport network across Europe, generating impressive revenue of DKK 28 billion and employing around 14,000 people. The company specializes in transporting goods via ferry, road, and rail, while also offering related transport and logistics solutions. Additionally, DFDS serves both car and foot passengers on short sea and overnight ferry routes.
Company Heritage
Founded in 1866, DFDS has established a legacy of reliability and efficiency, with its headquarters located in Copenhagen. As a publicly traded company, DFDS is committed to sustainable growth and delivering returns to its shareholders.
Frequently Asked Questions
What is the purpose of DFDS A/S's share buyback program?
The program is designed to enhance shareholder value by repurchasing shares in compliance with market regulations.
How much is DFDS A/S planning to spend on the buyback?
DFDS plans to allocate up to DKK 431 million for the share buyback during the specified timeframe.
What is the duration of the share buyback program?
The buyback program will take place from February 12, 2024, to December 31, 2024.
How many shares is DFDS A/S looking to repurchase?
The company aims to repurchase a maximum of 3,400,000 shares.
Where is DFDS A/S headquartered?
DFDS is headquartered in Copenhagen, Denmark, and has been in operation since 1866.
