Company Announcement No. 580
On 6 November 2014, DSV A/S initiated the previously announced share buy-back programme, cf. company announcement No. 569 of 29 October 2014. According to the programme DSV A/S will in the period from 6 November 2014 to 29 January 2015 purchase own shares up to a maximum value of DKK 300,000,000 and no more than 3,000,000 shares, corresponding to 1.69% 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 | 1,253,000 | 185.92 | 232,961,224 |
| 50: 21 January 2015 | 50,000 | 196.73 | 9,836,500 |
| 51: 22 January 2015 | 50,000 | 198.16 | 9,908,000 |
| 52: 23 January 2015 | 40,000 | 200.21 | 8,008,400 |
| 53: 26 January 2015 | 57,000 | 202.71 | 11,554,470 |
| 54: 27 January 2015 | 48,569 | 204.14 | 9,914,876 |
| 55: 28 January 2015 | 51,431 | 203.78 | 10,480,609 |
| 56: 29 January 2015 | 35,700 | 204.99 | 7,318,143 |
| Accumulated for trading days 1-56 | 1,585,700 | 189.18 | 299,982,222 |
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 7,519,797 shares of a nominal value of DKK 1 in DSV A/S, corresponding to 4.25% 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.
Yours sincerely,
DSV A/S
