DFDS A/S Launches Share Buyback Programme
On February 9, DFDS A/S announced a significant initiative to enhance shareholder value through a share buyback programme. This programme is set to align with the stringent regulations outlined by the EU Market Abuse Regulation. By following the provisions of the Safe Harbour Rules, DFDS aims to provide financial stability and reassure investors.
Details of the Buyback Programme
The company plans to conduct this buyback process over an extended period, running from February 12 to December 31, which allows for strategic purchasing of shares. DFDS has earmarked up to DKK 431 million to acquire up to 3,400,000 shares during this timeframe. This approach includes shares acquired through the Safe Harbour provisions as well as additional purchases from Lauritzen Fonden Holding ApS, ensuring a comprehensive strategy to optimize its capital structure.
Weekly Transaction Updates from October 2024
From October 7 to October 11, DFDS executed several key transactions under its buyback plan. Throughout this week, a total of 25,000 shares were repurchased, highlighting the company's commitment to this initiative. The average purchase price hovered around DKK 167 per share, reflecting market conditions and strategic timing in purchases made during this period.
Transaction Breakdown
The company detailed the transactions over the week as follows:
- On October 7, 5,000 shares were bought at DKK 170 each. - On October 8, another 5,000 shares were acquired at the same price. - On October 9, 5,000 shares were bought at a slightly lower price of DKK 168. - On October 10, the purchase price further adjusted to DKK 162 for 5,000 shares. - Finally, on October 11, 5,000 shares were bought at DKK 163 each.
Overall Accumulation Post Transactions
As of October 11, DFDS has reached a total of 3,480,355 treasury shares, representing 6.0% of its entire share capital. The efforts reflect a strong commitment to returning value to shareholders and stabilizing the stock in a fluctuating market.
Contact Information for Inquiries
For further information regarding the buyback programme or any investor relations queries, please reach out to:
Søren Brøndholt Nielsen, Investor Relations +45 33 42 33 59
About DFDS A/S
DFDS A/S operates a robust transport network across Europe, demonstrating impressive annual revenue of DKK 28 billion. The company employs around 14,000 dedicated individuals, all focused on providing seamless transportation services, including ferry, road, and rail logistics. Their offerings also extend to passenger services on various sea routes, showcasing their versatility in the logistics and transport sector.
Originally founded in 1866, DFDS A/S has a rich history and is proudly listed in Copenhagen. The company continues to grow and adapt its services to meet the evolving needs of the market.
Frequently Asked Questions
What is the purpose of the share buyback programme?
The buyback programme aims to enhance shareholder value by repurchasing shares, thereby stabilizing and supporting the stock price.
How many shares will DFDS repurchase by the end of the programme?
DFDS intends to buy back up to 3,400,000 shares throughout the programme.
What was the total value of shares repurchased from October 7 to 11?
The total value of shares repurchased during this period was approximately DKK 4,165,082.
Who can I contact for more information regarding DFDS's investor relations?
For inquiries, you can contact Søren Brøndholt Nielsen at +45 33 42 33 59.
What operational services does DFDS provide?
DFDS provides a range of transportation services, including ferry, road, and rail logistics, as well as moving car and foot passengers on short sea routes.
