Copenhagen, 2014-02-28 08:06 CET (GLOBE NEWSWIRE) --
Announcement no. 09
Pursuant to section 28a of the Danish Securities Trading Act, DFDS A/S must disclose information on trading in the shares and associated securities of DFDS A/S undertaken by senior employees or their related parties.
Name: Lauritzen Foundation Cause: Bent Østergaard, Chairman of the Board, DFDS, and CEO, Lauritzen Foundation Issuer: DFDS A/S ISIN: DK0010259027 Designation: Shares Transaction: Sale Trading date: 28 February 2014
DFDS has today launched a share buy-back programme for an amount of up to DKK 200m according to company announcement no. 8/2014 of 28 February 2014.
The main shareholder, the Lauritzen Foundation, which owns 42.8% of DFDS, has committed itself to participating pro rata in the share buy-back programme with a view to ensuring that the current percentage free float (when adjusted for DFDS’ own shares) is not reduced.
The pro rata buy-back from the Lauritzen Foundation is planned in such a way that daily the Lauritzen Foundation will sell an amount of DFDS shares at a price calculated according to the volume-weighted average purchase price for the shares bought according to the share buy-back programme on the relevant day of trading.
When the share buy-back programme is completed, a company announcement will be issued specifying the total number and volume of shares sold by the Lauritzen Fonden. Announcements pursuant to section 28a of the Danish Securities Trading Act will on an ongoing basis be sent to the Danish FSA.
| NAME | TRADE | QUANTITY OF SHARES | PRICE | TOTAL PRICE, DKK |
| Lauritzen Fonden | Sale | See above | See above | See above |
Niels Smedegaard, CEO +45 33 42 34 00 Torben Carlsen, CFO +45 33 42 32 01 Søren Brøndholt Nielsen, IR +45 33 42 33 59