DGAP-News: DFDS COMMITS TO BUY OWN SHARES FROM A.P. MOELLER

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News Desk 2018

Sep 5, 2013 at 2:30 AM

DGAP-News: DFDS COMMITS TO BUY OWN SHARES FROM A.P. MOELLER - MAERSK

DFDS A/S 05.09.2013 08:13 --------------------------------------------------------------------------- Copenhagen, 2013-09-05 08:13 CEST (GLOBE NEWSWIRE) -- Announcement no. 22 This announcement is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale, of the securities referred to herein in the United States, Canada, Australia, New Zealand, South Africa, Japan or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from United States registration requirements. There is no intention to register any part of the offering in the United States or to conduct a public offering of securities in the United States. With respect to the member states of the European Economic Area which have implemented Directive 2003/71/ec (and amendments thereto, including directive 2010/73/eu) (the 'Prospectus Directive') (each a 'Relevant Member State'), no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any Relevant Member State. As a result, these securities may only be offered or sold in any Relevant Member state pursuant to an exemption under the Prospectus Directive. This announcement is only addressed to, and directed at, persons in Member States of the European Economic Area who are 'qualified investors' within the meaning of article 2(1)(e) of the Prospectus Directive ('Qualified Investors'). In the United Kingdom, this announcement is directed only at, Qualified Investors (i) who are persons having professional experience in matters relating to investments who fall within the definition of 'investment professionals' in article 19(5) of the financial services and markets act 2000 (financial promotion) order 2005, as amended (the 'Order'), or (ii) persons who are high net worth entities falling within article 49(2) of the Order, and other persons to whom it may lawfully be communicated. In Denmark, this press release is directed only at persons who are Qualified Investors. Earlier today, A.P. Moeller - Maersk A/S (Maersk) announced the launch of an accelerated bookbuild of up to its total holding of shares in DFDS of 4,657,365 shares, equivalent to 31.3% of the total shares issued in DFDS. In connection with the transaction, DFDS has committed to purchase 1,782,730 shares, equivalent to 12.0% of DFDS' share capital. In addition, DFDS' main shareholder, the Lauritzen Foundation, has committed to purchase 300,000 shares, equivalent to 2.0% of DFDS' share capital. DFDS intends to cancel the shares purchased in connection with the transaction at the next ordinary annual general meeting, except for shares to be used for hedging of DFDS' incentive program. At DFDS' annual general meeting in 2012, the Board of Directors was authorized to purchase up to 20% of DFDS' share capital before 28 March 2017. DFDS presently holds 2.4% of the total shares issued. DFDS assesses the company's capital structure on a regular basis and has chosen to participate in the transaction as a successful transaction will have the following consequences for DFDS: - Improved leverage of the company through reduction of excess cash - Attractive share buy-back at price below book value - Reduced number of outstanding shares increases earnings per share - The free float of the DFDS shares increased from 30% to approx. 53 % which is expected to improve the liquidity of the shares - Capital structure post the share buyback will continue to support DFDS' strategy of growth through value creating acquisitions Niels Smedegaard, CEO +45 3342 3400 Torben Carlsen, CFO +45 3342 3201 Soeren Broendholt Nielsen, IR +45 3342 3359 Click on, or paste the following link into your web browser, to view the associated documents https://newsclient.omxgroup.com/cds/Disclosur...eAttachmen tId=443860 News Source: NASDAQ OMX 05.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DFDS A/S DÃ?Â¤nemark Phone: Fax: E-mail: Internet: ISIN: DK0010259027 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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