Globenewswire

NTG Nordic Transport Group A/S

Share
Transactions in connection with share buyback program

Company announcement no. 10 - 21
2 March 2021

Transactions in connection with share buyback program

On 18 November 2020 NTG Nordic Transport Group ("NTG") announced a share buyback program, as described in Company announcement 43 - 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, 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 program NTG will purchase up to 165,000 of its own shares (nominally DKK 3,300,000), corresponding to 0.73% of the current share capital of NTG, for an aggregate maximum amount of DKK 30,000,000. The share buyback program will run from 19 November 2020 to 31 March 2021 at the latest, both days inclusive.

The following transactions have been made under the program:

 Number of sharesAverage purchase price (DKK)Transaction value (DKK)
Accumulated, latest announcement110,560 25,647,953
23 February 20212,454226.2555,012
24 February 20211,693230.0389,405
25 February 20212,067232.7481,043
26 February 20211,505226.4340,806
1 March 20212,000233.3466,636
Accumulated under the program120,279 27,880,855

With the transactions stated above, NTG owns a total of 300,044 treasury shares, corresponding to 1.32% 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
                                                                                                ir@ntg.dk
Press:
Mathias Jensen-Vinstrup, Group Director                        +45 76 32 09 90
                                                                                                press@ntg.dk

Attachments

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About Globenewswire

Globenewswire
Globenewswire
Denmark & Iceland


+45 89 88 2046http://globenewswire.com
DK
HiddenA line styled icon from Orion Icon Library.Eye