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DSV, 567 - Conclusion of share buyback programme in DSV A/S

October 27, 2014 at 6:07 PM EDT

 

 

Company Announcement No. 567

On 11 August 2014, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 557 of 30 July 2014. According  to the programme DSV A/S will in the period from 11 August to 27 October 2014 purchase own shares up to a maximum value of DKK 400,000,000 and no more than 4,000,000 shares, corresponding to 2.26% of the current share capital of DSV A/S. The programme has been implemented in accordance with the 'Safe Harbour' provisions of EU Regulation No. 2273/2003 of 22 December 2003. DSV will therefore publish the accumulated purchases under the share buy-back programme every 7th trading day.
   

Trading day
 
Number of shares bought back    Average transaction price Amount  DKK
Accumulated for trading days 1-49          2,247,159 170.14 382,329,076
50: 17 October 2014                 15,000 157.01 2,355,110
51: 20 October 2014                 16,698 156.61 2,615,132
52: 21 October 2014                 16,280 160.03 2,605,295
53: 22 October 2014                 20,180 163.59 3,301,135
54: 23 October 2014                 20,860 165.36 3,449,330
55: 24 October 2014                 10,000 163.84 1,638,437
56: 27 October 2014 10,432 163.57 1,706,338
Accumulated for trading days 1-56      2,356,609    169.74     399,999,854


The share buyback programme announced has now been concluded and the shares bought back will be used partly to hedge the Group's incentive scheme. At DSV's general meeting it will be proposed that shares not used for hedging of the incentive scheme will be cancelled.

As at today, DSV A/S holds a total of 6,449,770 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.64% of the total number of issued shares of 177,000,000.

Any questions may be addressed to Flemming Ole Nielsen, Director, Investor Relations, on tel. +45 43 20 33 92.

 

Yours sincerely,

DSV A/S