DSV A/S Announces Share Buyback Program
Company Announcement No. 1128
Overview of Share Buyback
We have initiated a share buyback programme, which will run until a specified date, where the company plans to purchase its own shares up to a maximum value. The total value is set at DKK 1,500 million, with a limit of 2,550,000 shares, representing approximately 1.19% of the company's share capital at the start of the programme.
Regulatory Compliance
The buyback programme is being conducted in compliance with relevant regulations established by the European Parliament and Council. This includes the applicable rules in MAR (Market Abuse Regulation) and the Safe Harbour rules set forth in the Commission Delegated Regulation.
Trade Details
As of the latest disclosures, DSV A/S has reported on the number of shares bought back, average transaction prices, and total amounts spent. For instance, the accumulated trading for initial days indicated significant buybacks, including various average transaction prices throughout the trading period.
Current Share Holdings
Following the buyback transactions, DSV A/S currently holds a total of 6,347,194 shares, which corresponds to 2.97% of the total number of issued shares. This strategic decision reflects the company's commitment to enhancing shareholder value.
Investors' Contact Information
For any inquiries regarding the share buyback programme, stakeholders can reach out to Executive Vice President, Investor Relations, Stig Frederiksen, at the contact number provided.
Frequently Asked Questions
What is the purpose of the share buyback programme?
The share buyback programme aims to enhance shareholder value by repurchasing shares, which can potentially increase the value of remaining shares.
How many shares is DSV planning to buy back?
DSV A/S plans to buy back up to a maximum of 2,550,000 shares.
What is the total amount allocated for the buyback?
The company has allocated DKK 1,500 million for the share buyback programme.
Who can investors contact for more information?
Investors can contact Stig Frederiksen, Executive Vice President, Investor Relations, for any inquiries regarding the programme.
What percentage of the company’s shares is being repurchased?
The share buyback represents approximately 1.19% of the company's share capital as of the start of the programme.
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