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NTG - Nordic Transport Group A/S

09/08/2020 | Press release | Distributed by Public on 09/08/2020 12:20

Transactions in connection with share buyback program

NTG Nordic Transport Group A/S
Changes in company's own shares

Transactions in connection with share buyback program

Company announcement no. 31 - 20
8 September 2020

Transactions in connection with share buyback program

On May 25, 2020 NTG Nordic Transport Group ('NTG') announced a share buyback program, as described in Company announcement 09 - 20. 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 (Market Abuse Regulation) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbor rules.

The purpose of the program is to meet obligations relating to acquisition of minority shareholders' shares in NTG subsidiaries under the 'Ring-the-Bell' concept and to cover obligations arising under future share-based incentive programs and potentially for other purposes such as payment in relation to potential M&A transactions.

Under the program NTG will purchase up to 200,000 of its own shares (nominally DKK 4,000,000), corresponding to 0.89% of the current share capital of NTG, for an aggregate maximum amount of DKK 20,000,000. The share buyback program will run from 26 May 2020 to 30 December 2020 at the latest, both days inclusive.

The following transactions have been made under the program:

Number of shares Average purchase price Transaction value (DKK)
Accumulated, latest announcement 93,290 9,662,148
01 September 2020 1,316 135.54 178,375
02 September 2020 1,559 134.96 210,409
03 September 2020 1,500 135.43 203,140
04 September 2020 1,500 132.31 198,470
07 September 2020 1,625 134.51 218,581
Accumulated under the program 100,790 10,671,122

With the transactions stated above, NTG owns a total of 134,679 treasury shares, corresponding to 0.59% of the company's share capital.

Details of each transaction are included as appendix.

Additional information
For additional information, please contact:

Investor relations
Christian D. Jakobsen, Group CFO +45 76 32 09 89
[email protected]
Press
Mathias Jensen-Vinstrup, Group Director +45 76 32 09 90
[email protected]

Attachments

Attachments:
Company announcement no 31_2020.pdf
Appendix Company announcement no 31_2020.pdf