Transactions in connection with share buy-back program

Transactions in connection with share buy-back program

Transactions in connection with share buy-back program

Company announcement no. 1 – 23
3 January 2023

Transactions in connection with share buyback program

On 6 December 2022 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 27 – 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.

Under the share buy-back program NTG will purchase its own shares for an aggregate maximum amount of DKK 50,000,000, up to 240,000 shares (nominally DKK 4,800,000), corresponding to 1.06% of the current share capital of NTG.

The share buy-back program will run from 7 December 2022 to 7 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 94,697   22,782,252
27 December 2022 6,974 234.3 1,633,660
28 December 2022 7,030 229.8 1,615,170
29 December 2022 3,691 230.4 850,266
30 December 2022 6,983 237.9 1,661,055
02 January 2023 6,800 248.2 1,688,050
Accumulated under the program 126,175   30,230,452

With the transactions stated above, NTG owns a total of 799,876 treasury shares, corresponding to 3.53% of the current share capital of NTG.

Details of each transaction are included as appendix.

Additional information

For additional information, please contact:

Investor relations:
Christian D. Jakobsen, Group CFO                                    

+45 42 12 80 99

Mathias Jensen-Vinstrup, Executive Vice President
+45 42 12 80 90