Copenhagen, 2016-02-12 12:15 CET (GLOBE NEWSWIRE) -- Announcement no. 05
Pursuant to section 28a of the Danish Securities Trading Act, DFDS A/S must disclose information on trading in the shares and associated securities of DFDS A/S undertaken by senior employees or their related parties.
Name: Lauritzen Foundation
Cause: Bent Østergaard, Chairman of the Board, DFDS, and CEO, Lauritzen Foundation
Issuer: DFDS A/S
ISIN: DK 0060655629
Designation: Shares
Transaction: Sale
Trading date: 12 February 2016
DFDS is launching a share buy-back programme on 12 February 2016 for an amount of up to DKK 250m, c.f. company announcement no. 4/2016 of 12 February 2016.
The Lauritzen Foundation has committed itself to participating pro rata in the share buy-back programme with a share of 42.5% corresponding to its current ownership share.
The pro rata share buy-back of the Lauritzen Foundation entails that the Lauritzen Foundation daily sells a pro rata amount of DFDS shares at a price calculated according to the volume-weighted average purchase price for the shares bought according to the share buy-back programme on the relevant day of trading.
When the share buy-back programme is completed, a company announcement will be issued reporting the total number and value of shares sold by the Lauritzen Foundation. Announcements pursuant to section 28a of the Danish Securities Trading Act will on an ongoing basis be sent to the Danish FSA.
NAME | TRADE | NO. OF SHARES | PRICE, DKK | TOTAL VALUE, DKK |
Lauritzen Foundation |
Sale | See above | See above | See above |
Contact
Niels Smedegaard, CEO
+45 33 42 34 00
Torben Carlsen, CFO
+45 33 42 32 01
Søren Brøndholt Nielsen, IR
+45 33 42 33 59