Company Announcement No. 592
On 19 February 2015, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 582 of 6 February 2015. According to the programme DSV A/S will in the period from 19 February to 22 April 2015 purchase own shares up to a maximum value of DKK 200,000,000 and no more than 1,500,000 shares, corresponding to 0.85% of the share capital of DSV A/S at that time. The programme has been implemented in accordance with the 'Safe Harbour' provisions of EU Regulation No. 2273/2003 of 22 December 2003.
| Trading day |
Number of shares bought back | Average transaction price |
Amount DKK |
| Accumulated for trading days 1-35 | 752,495 | 217.00 | 163,294,315 |
| 36: 14 April 2015 | 27,000 | 228.59 | 6,171,898 |
| 37: 15 April 2015 | 15,400 | 228.70 | 3,522,022 |
| 38: 16 April 2015 | 17,000 | 227.86 | 3,873,574 |
| 39: 17 April 2015 | 28,922 | 225.32 | 6,516,659 |
| 40: 20 April 2015 | 27,000 | 225.92 | 6,099,929 |
| 41: 21 April 2015 | 23,500 | 227.40 | 5,343,820 |
| 42: 22 April 2015 | 23,078 | 224.36 | 5,177,695 |
| Accumulated for trading days 1-42 | 914,395 | 218.72 | 199,999,912 |
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 5,553,692 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 3.17% of the total number of issued shares of 175,000,000.
Any questions may be addressed to Flemming Ole Nielsen, Director, Investor Relations, on tel. +45 43 20 33 92.
Yours sincerely,
DSV A/S