DSV A/S Announces Share Buyback Program
Company Announcement No. 1128
Overview of the Share Buyback
We are excited to announce the launch of a share buyback program that will continue until a designated date. The company intends to repurchase its own shares, with a total budget capped at DKK 1,500 million. This program allows for the buyback of up to 2,550,000 shares, which is about 1.19% of the company's share capital at the outset of the program.
Regulatory Compliance
This buyback initiative is being carried out in accordance with the relevant regulations set by the European Parliament and Council. This includes adherence to the rules outlined in the Market Abuse Regulation (MAR) and the Safe Harbour provisions specified in the Commission Delegated Regulation.
Trade Details
Recent disclosures from DSV A/S detail the number of shares repurchased, the average transaction prices, and the total expenditure involved. Notably, the early days of trading have shown considerable buybacks, with a range of average transaction prices recorded throughout the trading period.
Current Share Holdings
After completing the buyback transactions, DSV A/S now holds a total of 6,347,194 shares, which equates to 2.97% of the total shares issued. This strategic move underscores the company's dedication to boosting shareholder value.
Investors' Contact Information
If you have any questions about the share buyback program, please feel free to contact Stig Frederiksen, Executive Vice President of Investor Relations, using the provided contact number.
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program is designed to enhance shareholder value by repurchasing shares, which can help increase the value of the remaining shares.
How many shares is DSV planning to buy back?
DSV A/S plans to repurchase up to 2,550,000 shares.
What is the total amount allocated for the buyback?
The company has set aside DKK 1,500 million for the share buyback program.
Who can investors contact for more information?
Investors can reach out to Stig Frederiksen, Executive Vice President of Investor Relations, for any inquiries related to the program.
What percentage of the company’s shares is being repurchased?
The share buyback will represent approximately 1.19% of the company's share capital at the beginning of the program.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
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/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.