DSV A/S

DSV, 1174 - LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAFE HARBOUR METHOD

Company Announcement No. 1174

This announcement contains publication of inside information pursuant to Article 17 of the EU Market Abuse Regulation.

With the integration of Schenker expected to be completed by the end of 2026 and with DSV on track for further deleveraging of its capital structure, the Board of Directors of DSV A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 20 March 2025. The authority is valid until 20 March 2030 and covers a maximum of 24,044,000 shares.

Purpose

The purpose of the share buyback is to adjust the capital structure and meet obligations relating to the Group’s share-based incentive programmes. Any shares not used for these programmes will be proposed for cancellation at a future General Meeting of DSV A/S.

Time frame

The share buyback programme will commence on 21 October 2026 and will be completed by 1 February 2027, at the latest, both days inclusive. During this period, DSV A/S will buy own shares up to a maximum of DKK 1,500 million in accordance with 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 Harbour rules.

Buyback terms 

•  DSV A/S is required to retain a lead manager who is to make its own trading decisions independently of and without influence from DSV A/S and execute the buyback within the announced limits. DSV A/S has designated Danske Bank A/S as its lead manager for the share buyback.
•  Under the share buyback programme, DSV A/S may repurchase shares up to a maximum aggregate purchase price of DKK 1,500 million, and no more than 2,600,000 shares, corresponding to 1.09% of the current share capital of DSV A/S.
•  The shares may in no event be bought at a price deviating by more than 5 per cent from the most recently quoted market price of the shares at the time of purchase.
•  The shares shall not be purchased at a price higher than the price of the last independent trade or higher than the current highest independent bid on the trading venue on which the purchase is carried out.
•  The maximum number of shares that can be repurchased on any single trading day may not be greater than 25% of the average daily trading volume of DSV shares on Nasdaq Copenhagen during the 20 preceding trading days before the trading day.

A company announcement of any transactions under the programme will be published every week after commencement and at the end of the programme.

Contacts
Investor Relations
Stig Frederiksen, tel. +45 29 34 98 70, stig.frederiksen@dsv.com
Alexander Plenborg, tel. +45 43 20 33 73, alexander.plenborg@dsv.com

Yours sincerely,
DSV A/S

Attachment

• 1174 - Announcement (21.10.2026) - LAUNCH OF NEW SHARE BUYBACK PROGRAMME ACCORDING TO THE SAFE HARBOUR METHOD