Company Announcement No. 542
The Board of Directors of DSV has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 21 March 2013. The authority is valid until 21 March 2018 and covers a maximum of 18 million shares, 6.1 million of which have been exercised before the launch of this share buyback programme.
The purpose of the share buyback is to meet the exercise of share options under the Group's incentive programmes and adjust the capital structure. At the next Annual General Meeting of DSV a resolution will be proposed that shares which are not used for hedging of the incentive programmes be cancelled.
The share buyback programme will run from 6 May 2014 to 29 July 2014, both days inclusive. During this period DSV will buy own shares up to a maximum value of DKK 400 million in accordance with the provisions of European Commission Regulation (EC) No. 2273/2003 of 22 December 2003, the so-called Safe Harbour method that protects the boards of directors and executive boards of listed companies from violating insider trading legislation in connection with share buybacks.
Any questions may be addressed to Flemming Ole Nielsen, Investor Relations Director, tel. +45 43 20 33 92.
DSV A/S Logo