A.P. Møller - Mærsk A/S Updates Share Buy-Back Program Insights
A.P. Møller - Mærsk A/S Updates on Share Buy-Back Program
A.P. Møller - Mærsk A/S (the "Company") has shared significant developments regarding its ongoing share buy-back program. This program aims to enhance shareholder value through strategic acquisitions of its own shares.
Details of the Share Buy-Back Program
The Company recently unveiled a plan to repurchase shares worth up to DKK 14.4 billion, which is approximately USD 2 billion. This extensive buy-back initiative is set to take place over a 12-month period, allowing the Company to reinvest in itself while providing returns to its shareholders.
Program Timeline
The second phase of this share buyback program commenced shortly and will continue until a specific end date, demonstrating Mærsk's commitment to bolstering its market presence.
Execution Under Safe Harbour Regulations
The share buyback activities will be carried out in compliance with EU Commission Regulation No. 596/2014 and the underlying Safe Harbour Regulation. This assurance strengthens investor confidence and reflects the Company's dedication to adhering to stringent regulatory standards.
Recent Transactions Overview
A.P. Møller - Mærsk A/S has already executed several transactions under the current buy-back program within the designated period. A total of 3,580 shares were purchased during the week spanning from 25 August to 29 August.
Transaction Breakdown
Here’s a quick overview of the transactions completed during this period:
- On 25 August, 650 A shares were bought at an average price contributing to the total value of DKK 8,812,110.
- On 26 August, 780 A shares were acquired, alongside 750 A shares on 27 August, each contributing to the total transaction value accordingly.
- On 28 and 29 August, additional share acquisitions continued, culminating in an impressive weekly total.
Total Impact of Transactions
All transactions executed under the program have culminated in an impressive total of DKK 48,116,610 in transaction value for A shares alone over this week, fostering a solid financial impact for the Company.
Accumulated Shares and Market Position
As a result of the recent purchases, A.P. Møller - Mærsk A/S currently retains a significant holding of treasury shares. The company now owns a total of 100,849 A shares and 672,210 B shares, which corresponds to roughly 4.88% of its overall share capital. This strategic position underlines the Company’s commitment to sustainable growth and shareholder engagement.
Investor Relations Contact Information
The Company's investor relations are managed by Stefan Gruber. He can be reached at +45 3363 3484 for any investment-related inquiries. For media relations, please contact Jesper Lov at +45 6114 1521. This dedicated team is eager to assist and provide additional insights into the ongoing share buy-back program.
Frequently Asked Questions
What is the purpose of the share buy-back program?
The share buy-back program is designed to enhance shareholder value by repurchasing shares, thereby increasing the value of remaining shares in circulation.
How much is A.P. Møller - Mærsk A/S allocating for the buy-back program?
The company plans to allocate up to DKK 14.4 billion, approximately USD 2 billion, for the share buy-back initiative.
When did the most recent transactions occur?
Recent share transactions under the buy-back program were conducted from 25 August to 29 August.
How many shares has the company accumulated so far?
Currently, A.P. Møller - Mærsk A/S has accumulated a total of 100,849 A shares and 672,210 B shares as treasury stock.
Who can I contact for more information regarding investor relations?
Investors can reach out to Stefan Gruber at +45 3363 3484 for inquiries related to investor relations.
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