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Transactions in connection with and conclusion of share buy-back program

NTG Nordic Transport Group A/S
·2-min read
NTG Nordic Transport Group A/S
NTG Nordic Transport Group A/S

Company announcement no. 25 - 22
29 November 2022

Transactions in connection with and conclusion of share buy-back program

On 12 August 2022 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 9 - 22. The program will be executed in accordance with the principles of Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbor rules.

The purposes of the share buy-back program are to meet obligations relating to acquisition of minority shareholders’ shares in NTG subsidiaries under the “Ring-the-Bell” concept, cover obligations arising under share-based incentive programs, and potentially for other purposes such as payment in relation to potential M&A transactions.

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Under the share buy-back program NTG will purchase its own shares for an aggregate maximum amount of DKK 100,000,000, up to 310,000 shares (nominally DKK 6,200,000), corresponding to 1.37% of the current share capital of NTG.

The share buy-back program will run from 15 August 2022 to 31 March 2023 at the latest, both days inclusive.

The following transactions have been made under the share buy-back program:

 

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

Accumulated, latest announcement

286,851

 

69,877,686

22 November 2022

10,483

226.1

2,370,408

23 November 2022

6,460

225.9

1,459,635

24 November 2022

5,052

235.6

1,190,173

25 November 2022

1,154

236.1

272,496

Accumulated under the program

310,000

 

75,170,397

With the transactions stated above, NTG owns a total of 673,701 treasury shares, corresponding to 2.97% of the current share capital of NTG.

Details of each transaction are included as appendix.

The share buy-back program announced in company announcement 9 - 22 has now been concluded as 310,000 shares, corresponding to an aggregate value of DKK 75,170,397, have been repurchased.

Additional information

For additional information, please contact:



Investor relations:
Christian D. Jakobsen, Group CFO




+45 42 12 80 99
ir@ntg.com

Press:
Mathias Jensen-Vinstrup, Executive Vice President


+45 42 12 80 90
press@ntg.com

Attachments