DSV A/S Announces Share Buyback Programme Details
DSV A/S Initiates Share Buyback Programme
On 24 July 2024, DSV A/S kicked off an extensive share buyback programme, which is detailed in Company Announcement No. 1124. This initiative allows DSV A/S to buy back its own shares during the period from 24 July 2024 until 22 October 2024, with total purchases capped at a maximum value of DKK 1,500 million. Furthermore, this programme is set to acquire no more than 2,550,000 shares, which represents about 1.19% of the share capital at the commencement of the buyback.
Share Buyback Regulations and Compliance
The share buyback programme is designed to adhere to Regulation No. 596/2014 of the European Parliament and Council dated 16 April 2014, commonly referred to as the Market Abuse Regulation (MAR). This excludes specific rules governing share buyback programmes as delineated in MAR article 5, ensuring that all transactions comply with applicable regulations. Moreover, the initiative follows the stipulations of the Commission Delegated Regulation (EU) 2016/1052, recognized as the Safe Harbour rules.
Summary of Trading Activities
As of now, DSV A/S has reported the trading activities related to the buyback programme. From the commencement of the programme to day 18, a total of 300,500 shares were repurchased, accumulating to a transaction value of DKK 364,778,235 and an average transaction price of DKK 1,213.90. Below is a more detailed breakdown of the trading activities:
Days 19 to 23 Trading Summary
On day 19, 3,000 shares were bought back at an average price of DKK 1,256.66, amounting to DKK 3,769,980. The following day, on day 20, 8,000 shares were acquired at DKK 1,257.37, resulting in an expenditure of DKK 10,058,960. Further purchases on days 21 and 22 brought in 3,000 shares at DKK 1,260.33 and 4,500 shares at DKK 1,262.70, resulting in additional amounts of DKK 3,780,990 and DKK 5,682,150 respectively. On day 23, DSV A/S made a more significant purchase of 56,000 shares at DKK 1,231.73, for a total outlay of DKK 68,976,880.
Accumulated Trading Data
As a result of these transactions, by the end of day 23, DSV A/S had accumulated a total of 375,000 shares, with an average price of DKK 1,218.79, representing a total amount spent of DKK 457,047,195. This places DSV A/S in a strong position with respect to its shareholding reinvestment strategy.
Current Shareholding Status
Following the recent transactions under the share buyback programme, DSV A/S now holds a total of 6,392,694 shares that have a nominal value of DKK 1 each. This accounts for approximately 2.99% of the overall share volume, which stands at 214,000,000 issued shares.
Contact Information
With any inquiries or for further information regarding the share buyback programme, please reach out to the Executive Vice President of Investor Relations, Stig Frederiksen, by calling +45 29 34 98 70. The company is committed to transparency and ensuring that all shareholders are well-informed about the developments concerning its shares.
Frequently Asked Questions
What is the purpose of the share buyback programme initiated by DSV A/S?
The share buyback programme aims to enhance shareholder value by purchasing shares up to a set monetary limit, which supports stock price stability.
How many shares will DSV A/S purchase in this programme?
The programme allows for the purchase of up to 2,550,000 shares, which is about 1.19% of the share capital at the commencement.
What regulations govern this share buyback programme?
The buyback adheres to the EU's Market Abuse Regulation (MAR) and is compliant with the Safe Harbour rules.
What is the total amount allocated for the share buyback?
The maximum value designated for this share buyback programme is DKK 1,500 million.
Who can I contact for more information regarding DSV A/S's share buyback?
For inquiries, investors can contact Stig Frederiksen, the Executive Vice President of Investor Relations, at +45 29 34 98 70.
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