Company announcement no. 19 - 23
 16 May 2023

Transactions in connection with share buy-back program

On 8 May 2023 NTG Nordic Transport Group (“NTG”) announced a share buy-back program, as described in company announcement no. 17 - 23. 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 125,000,000, up to 350,000 shares (nominally DKK 7,000,000), corresponding to 1.55% of the current share capital of NTG.

The share buy-back program will run from 9 May 2023 to 28 July 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)
09 May 2023 6,008 411.3 2,470,853
10 May 2023 6,960 395.7 2,753,783
11 May 2023 8,127 404.2 3,284,588
12 May 2023 3,240 415.1 1,344,865
15 May 2023 4,816 425.3 2,048,265
Accumulated under the program 29,151   11,902,353

With the transactions stated above, NTG owns a total of 1,105,328 treasury shares, corresponding to 4.88% 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
ir@ntg.com
Press:
Camilla Marcher Lydom, Investor Relations & Corporate Communication Manager
+45 42 12 80 90
press@ntg.com

Attachments

  • Company announcement no 19_2023
  • Appendix_company announcement no 19_2023