DFDS A/S Launches Strategic Share Buyback Initiative
DFDS A/S Starts Share Buyback Program
In an exciting move for shareholders, DFDS A/S has initiated a share buyback program, reflecting the company's commitment to enhancing shareholder value. The announcement came on 9 February, unveiling plans to buy back own shares valued at an impressive DKK 431 million. This program is strategically aligned with the guidelines set out in the EU Market Abuse Regulation and adheres to the Safe Harbour Rules governing such transactions.
Details of the Share Buyback
The timeline for this program stretches from 12 February to 31 December, during which DFDS aims to repurchase a maximum of 3,400,000 shares. Not only will this include shares acquired under the Safe Harbour rules, but also shares purchased from Lauritzen Fonden Holding ApS, ensuring a balanced approach to share acquisition outside the Safe Harbour framework.
Recent Transactions Overview
During the week of 23-27 September, DFDS reported several transactions under the buyback program, exemplifying a proactive approach to managing its share capital. A total of 25,000 shares were bought back over these five days, showcasing a consistent investment in the company’s stock.
The specific transactions included:
- On 23 September, 5,000 shares were purchased at an average price of DKK 170, totaling a transaction value of DKK 851,664.
- On 24 September, another 5,000 shares were bought at DKK 172, with an overall worth of DKK 860,500.
- The buying continued on 25 September, with the same number of shares at DKK 172, accumulating a transaction value of DKK 860,000.
- On 26 September and 27 September, DFDS purchased 5,000 shares each day at DKK 176, with values of DKK 879,468 and DKK 880,000 respectively.
Across these transactions, the average price paid for shares was DKK 173, culminating in a total transaction value reaching DKK 4,331,632.
Current Treasury Shares Held
Following the recent buyback activity, DFDS now holds a total of 3,394,938 treasury shares, equating to approximately 5.9% of the company's total share capital. This strategic stock management indicates DFDS’s resilience and focus on maintaining a robust financial position while providing value to shareholders.
Contact Information
For inquiries or further information regarding this share buyback initiative, shareholders and interested parties may contact Søren Brøndholt Nielsen from Investor Relations at +45 33 42 33 59.
About DFDS A/S
Founded in 1866, DFDS A/S operates a comprehensive transport network throughout Europe, boasting an annual revenue of DKK 28 billion and employing around 14,000 dedicated staff. The company specializes in transporting goods in trailers by ferry, road, and rail, while also catering to passenger services through short sea and overnight ferry routes. Headquartered and publicly listed in Copenhagen, DFDS continues to establish itself as a leader in its industry.
Frequently Asked Questions
What is the purpose of the share buyback program initiated by DFDS?
The share buyback program aims to enhance shareholder value by repurchasing DFDS shares, thereby potentially increasing share price and returns for investors.
How many shares does DFDS plan to repurchase?
DFDS intends to repurchase up to 3,400,000 shares as part of the program running from February to December.
When was the share buyback program announced?
The program was announced on 9 February and is set to be executed throughout the year.
What percentage of total share capital do treasury shares represent after recent transactions?
Following the share buybacks, DFDS now holds around 5.9% of its total share capital in treasury shares.
Who should be contacted for more information regarding the share buyback?
For further inquiries, please reach out to Søren Brøndholt Nielsen in Investor Relations at +45 33 42 33 59.
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