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Transactions in connection with share buy-back program | ||||||||||||||||||||||||||||||||||||||
By: GlobeNewswire - 22 Nov 2022 | Back to overview list |
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Company announcement no. 24 - 22 Transactions in connection with 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. 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:
With the transactions stated above, NTG owns a total of 650,552 treasury shares, corresponding to 2.87% 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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