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Transactions in connection with share buy-back program | ||||||||||||||||||||||||||||||||||
By: GlobeNewswire - 30 May 2023 | Back to overview list |
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Company announcement no. 22 - 23 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:
With the transactions stated above, NTG owns a total of 1,156,226 treasury shares, corresponding to 5.10% of the current share capital of NTG. Details of each transaction are included as appendix. Additional information For additional information, please contact:
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