DLH LAUNCH THE SHARE BUYBACK PROGRAM AND BUYS OWN

Herlev, 2017-03-06 08:00 CET (GLOBE NEWSWIRE) --  

DLH's board of directors has decided today March 6, 2017 to launch a share buyback program under which DLH expects to buy back own shares for an amount of up to DKK 6 million.  

The program aims to adapt the company's capital structure. The Board therefore intends to propose that DLH's share capital is reduced by the number of shares to be purchased under the program on the Annual General Meeting April 28, 2017.  

The share buyback program is implemented in accordance with European Parliament and Council Regulation (EU) no. 596/2014 of 16 April 2014 on market abuse (market abuse regulation) and Commission Delegated Regulation (EU) 2016/1052.  

DLH has appointed Danske Bank as Lead Manager for the program. Lead Manager will, under a separate agreement with DLH, buy back shares on behalf of DLH and make decisions about trading the company's shares independently of, and without influence by DLH.  

The program will be implemented in accordance with the authorization given to the Board at the Annual General Meeting April 25, 2016 and in the following framework:

• A maximum repurchased of 5,356,649 shares of nominally DKK 0.50. • The maximum amount that the company will buy back shares is DKK 6 million. • The share buyback completed by March 28, 2017 but may be terminated earlier if the board   decides. • The Board may at any time decide to terminate the share buyback, even if the maximum number is not bought back or the maximum amount not used.  

Shareholders who wish to sell their shares should contact their own bank.  

DLH will weekly publish a notice of the transactions made under the program.

         Inquiries concerning this announcement can be made on telephone no. +45 41 95 38 29.