DSV A/S commences an Equity Buyback for 23,400,000 shares, under the authorization approved on March 17, 2022.

DSV Panalpina A/S (CPSE:DSV) commences share repurchases on April, 27, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 17, 2022. As per the mandate, the company is authorized to repurchase 23,400,000 shares, such that the company's holding in treasury does not exceed 10% of its issued share capital. The purchase price may not deviate by more than 10% from the last recorded listed share price at the time of purchase.

The purpose of repurchase program is to maintain an active capital allocation policy and cover the incentive programs of the company. The share repurchase program is valid till March 17, 2027.