DSV A/S Concludes Share Buyback Program with Key Updates

Author: Thomas Cooper Updated: 09-13-2024 02:00 AM

Overview of DSV A/S Share Buyback Program Conclusion

Company Announcement No. 1133

Recently, DSV A/S has announced significant developments regarding its share buyback program, which initially began with great promise. The program was set into motion through a previous announcement and designed to enhance shareholder value.

Discontinuation of the Share Buyback

As part of DSV A/S's strategic moves, the company has decided to halt the current share buyback program. This decision aligns with their ongoing agreement to acquire Schenker, a notable change that demands immediate adjustments within the company's operational framework. Effective from today, the previously announced buyback initiative will no longer continue.

Regulatory Compliance

This action is being conducted in accordance with relevant regulations laid out by the European Parliament and Council. Specifically, the program has adhered to the guidelines established in Regulation No. 596/2014 of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052. These regulations, commonly referred to as the Safe Harbour rules, ensure that companies like DSV A/S comply with stringent market laws while performing buyback activities.

Transaction Summary and Financial Impact

Throughout the duration of the program so far, DSV A/S successfully executed a series of transactions that yielded impressive results. The accumulated figures for shares bought back showcase the company’s commitment to engaging actively with its investors and enhancing financial health.

Key Transactions and Statistics

As of now, DSV A/S has repurchased a total of 527,500 shares over a specified period. The trades conducted during this timeframe have seen an average transaction price set at approximately 1,220.23 DKK. This indicates not just a strong market position but also the potential for future growth as the company navigates through its acquisition.

Current Standing and Shareholder Value

With the completion of these transactions, DSV A/S now holds a significant position with 6,528,694 shares of nominal value of DKK 1 each, representing about 3.05% of the overall 214 million shares. This percentage is a clear indicator of the company's market footprint and the trust it seeks to build with shareholders.

Future Prospects

Moving forward, the acquisition of Schenker is expected to reshape the landscape for DSV A/S significantly. While the share buyback initiative concludes, the company is poised to focus on integrating resources and optimizing operations post-acquisition. This strategic decision will likely be instrumental in leveraging DSV A/S's market capabilities for sustainable growth.

In case of any inquiries, investors and interested parties are encouraged to reach out to Executive Vice President, Investor Relations, Stig Frederiksen, via phone at +45 43 20 36 38. Your engagement is highly valued as DSV A/S navigates this transformative phase.

Yours sincerely,
DSV A/S

Frequently Asked Questions

What led to the conclusion of the share buyback program?

The program was discontinued due to DSV A/S's agreement to acquire Schenker, necessitating immediate strategic adjustments.

How many shares has DSV A/S repurchased?

DSV A/S has repurchased a total of 527,500 shares so far during the buyback program.

What is the average transaction price of the shares bought back?

The average transaction price throughout the buyback activities is approximately 1,220.23 DKK.

What percentage of shares does DSV A/S currently hold?

Currently, DSV A/S holds about 3.05% of its total issued shares after the buyback.

Who can I contact for more information about DSV A/S's financial activities?

For further questions regarding DSV A/S’s financial initiatives, please contact Stig Frederiksen at +45 43 20 36 38.

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