DSV A/S Launches Share Buyback Programme
On 24 July 2024, DSV A/S officially launched a significant share buyback programme, as outlined in Company Announcement No. 1124. This initiative enables DSV A/S to repurchase its own shares from 24 July 2024 until 22 October 2024, with a total purchase limit set at DKK 1,500 million. Additionally, the programme will involve the acquisition of no more than 2,550,000 shares, which equates to approximately 1.19% of the share capital at the start of the buyback.
Regulations and Compliance for the Buyback
The share buyback programme is structured to comply with Regulation No. 596/2014 of the European Parliament and Council, commonly known as the Market Abuse Regulation (MAR), which includes specific guidelines for such programmes as specified in MAR article 5. This ensures that all transactions are conducted in accordance with the relevant regulations. Furthermore, the initiative aligns with the provisions of the Commission Delegated Regulation (EU) 2016/1052, recognized as the Safe Harbour rules.
Overview of Trading Activities
As of now, DSV A/S has provided updates on the trading activities associated with the buyback programme. From the start of the programme up to day 18, a total of 300,500 shares were repurchased, amounting to a transaction value of DKK 364,778,235, with an average transaction price of DKK 1,213.90. Below is a detailed summary of the trading activities:
Trading Summary for Days 19 to 23
On day 19, DSV A/S repurchased 3,000 shares at an average price of DKK 1,256.66, totaling DKK 3,769,980. The next day, on day 20, 8,000 shares were acquired at DKK 1,257.37, resulting in a total expenditure of DKK 10,058,960. Further purchases on days 21 and 22 included 3,000 shares at DKK 1,260.33 and 4,500 shares at DKK 1,262.70, leading to additional costs of DKK 3,780,990 and DKK 5,682,150 respectively. On day 23, DSV A/S made a substantial purchase of 56,000 shares at DKK 1,231.73, amounting to a total outlay of DKK 68,976,880.
Accumulated Trading Data
As a result of these transactions, by the conclusion of day 23, DSV A/S had accumulated a total of 375,000 shares, with an average purchase price of DKK 1,218.79, representing a total expenditure of DKK 457,047,195. This positions DSV A/S favorably in terms of its shareholding reinvestment strategy.
Current Shareholding Overview
After the recent transactions under the share buyback programme, DSV A/S now holds a total of 6,392,694 shares, each with a nominal value of DKK 1. This represents approximately 2.99% of the total share volume, which consists of 214,000,000 issued shares.
Contact Information
For any inquiries or additional information about the share buyback programme, please contact Stig Frederiksen, the Executive Vice President of Investor Relations, at +45 29 34 98 70. The company is dedicated to maintaining transparency and ensuring that all shareholders are well-informed about developments related to its shares.
Frequently Asked Questions
What is the purpose of the share buyback programme initiated by DSV A/S?
The share buyback programme is intended to enhance shareholder value by repurchasing shares up to a specified monetary limit, which helps support 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 approximately 1.19% of the share capital at the start of the buyback.
What regulations govern this share buyback programme?
The buyback programme complies with the EU's Market Abuse Regulation (MAR) and adheres to the Safe Harbour rules.
What is the total amount allocated for the share buyback?
The maximum value set 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 reach out to Stig Frederiksen, the Executive Vice President of Investor Relations, at +45 29 34 98 70.
