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.
||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.