Company Announcement No. 604
On 30 April 2015, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 594 of 30 April 2015. According to the programme DSV A/S will in the period from 30 April to 23 July 2015 purchase own shares up to a maximum value of DKK 500,000,000 and no more than 3,000,000 shares, corresponding to 1.71% 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 | 1,949,500 | 227.47 | 443,451,986 |
| 50: 15 July 2015 | 20,000 | 234.80 | 4,695,944 |
| 51: 16 July 2015 | 25,000 | 236.48 | 5,911,895 |
| 52: 17 July 2015 | 35,000 | 237.06 | 8,297,163 |
| 53: 20 July 2015 | 45,000 | 239.23 | 10,765,553 |
| 54: 21 July 2015 | 42,000 | 238.31 | 10,008,915 |
| 55: 22 July 2015 | 38,000 | 238.18 | 9,050,768 |
| 56: 23 July 2015 | 33,000 | 236.04 | 7,789,343 |
| Accumulated for trading days 1-56 | 2,187,500 | 228.56 | 499,971,566 |
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 7,089,199 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.05% 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