On 29 August 2014 A.P. Møller - Mærsk A/S (the Company) announced first phase of a share buy-back program in compliance with the EU Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour regulation). The share buy-back program of up to DKK 5.6bn (equivalent to approximately USD 1bn) is to be executed during a 12-month period beginning 1 September 2014.
The purpose of the share buy-back program is to adjust the capital structure of the Company and to meet the obligations arising from sharebased incentive programs.
During the first phase of the program running from 1 September 2014 to 30 November 2014, the Company will buy-back A and B shares for an amount of up to DKK 2,280 mill. (equivalent to approximately USD 400 mill.).
The following transactions have been made under the program in the period 15 September 2014 to 19 September 2014:
|
Number of A shares |
Average purchase price A shares, DKK |
Transaction value, A shares, DKK |
|
| Accumulated, last announcement | 5,227 | 73,616,762 | |
| 15 September 2014 | 481 | 14,267.28 | 6,862,560 |
| 16 September 2014 | 676 | 14,151.18 | 9,566,199 |
| 17 September 2014 | 166 | 14,446.79 | 2,398,167 |
| 18 September 2014 | 887 | 14.595,84 | 12,946,513 |
| 19 September 2014 | 387 | 14,534.60 | 5,624,891 |
| Accumulated under the program | 7,824 | 111,015,092 | |
|
Number of B shares |
Average purchase price B shares, DKK |
Transaction value, B shares, DKK |
|
| Accumulated last announcement | 19,237 | 281,988,689 | |
| 15 September 2014 | 2,291 | 14,838.22 | 33,994,354 |
| 16 September 2014 | 2,635 | 14,738.75 | 38,836,600 |
| 17 September 2014 | 1,124 | 15,094.39 | 16,966,099 |
| 18 September 2014 | 3,611 | 15,229.29 | 54,992,969 |
| 19 September 2014 | 1,805 | 15,151.78 | 27,348,966 |
| Accumulated under the program | 30,703 | 454,127,677 |
With the transactions stated above, the Company owns a total of 7,824 A shares and 133,690 B shares as treasury shares, corresponding to 0.64% of the share capital.
Copenhagen, 22 September 2014
Contact persons:
Head of Investor Relations, Henrik Lund, tel. +45 3363 3106
Head of Media Relations, Louise Münter, tel. +45 3363 1912
