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Company Announcements

DSV, 374 - Share buy-back in DSV A/S

07.02.2011 

 

Company Announcement No. 374

On 29 October 2010, DSV initiated the published share buy-back programme, cf. company announcement no. 361 of 29 October 2010. According to the programme DSV will in the period to 16 February 2011 purchase own shares up to a maximum value of DKK 600,000,000 and no more than 6,000,000 shares. The program is implemented in accordance with the “Safe Harbour” provisions of EU regulation no. 2273/2003 of 22 December 2003. Therefore, DSV will publish the accumulated buy-backs under the programme every 7th trading day.
 
 

Trading day     Number of shares bought back     Average transaction price                Amount DKK
Accumulated for trading day 1-63 4,647,490 116.81 542,868,971
64: 28 January 2011 139,257 116.04 16,159,382
65: 31 January 2011 91,135 113.85 10,375,720
66:  1 February 2011 2,911 116.40 338,840
67:  2 February 2011 122,777 116.26 14,274,054
68:  3 February 2011 25,000 115.84 2,896,000
69:  4 February 2011 4,064 115.99 471,383
70:  7 February 2011 108,400 116.34 12,611,256
Accumulated for trading 1-70 5,141,034 116.71 599,995,606

DSV’s accumulated share buy-backs in the period from 29 October 2010 to 7 February 2011 thus total 5,141,034 numbers of shares at a total purchase sum of 600 DKK million. The published share buy-back programme has now been concluded and the shares bought back will partly be used to hedge the Group’s incentive programme. At DSV’s annual general meeting it will be proposed that shares which are not used for the hedge of the incentive programme will be cancelled. It is expected, that the largest part of the shares bought back will be cancelled.


As of today DSV A/S now holds a total of 5,115,061 shares of a nominal DKK 1 in DSV A/S corresponding to 2.45% of the total number of issued shares of 209,150,000. 

The last announcement dated 27 January 2011 stated that DSV A/S held 2.21% of the company’s share capital.

 

Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40. 

Yours sincerely,

DSV

Jens Bjørn Andersen            Jens H. Lund                        
CEO                                     CFO

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