RESULT OF SHARE BUYBACK COMPLETED ON 24 FEBRUARY 2016
Copenhagen, 2016-02-25 11:30 CET (GLOBE NEWSWIRE) -- Announcement no. 08
On 12 February 2016 DFDS A/S (DFDS or the Company) announced a share buyback programme of up to DKK 400m, which gave all shareholders an opportunity to sell their shares in the Company. The price range for the share buyback was DKK 205-265 per share.
The offer period expired at 16:00 hours on 24 February 2016 and the acceptances submitted have now been assessed.
On this basis, DFDS' Board of Directors has decided to buy back a total of 1,600,000 shares at DKK 250 per share of nominal value DKK 20, corresponding to a total purchase sum of DKK 400m.
Shareholders who wished to sell 50 or fewer shares have been settled in full. Shareholders who wished to sell more than 50 shares have been settled in full for the first 50 shares and pro rata at 59.9% for the shares exceeding 50 shares. The Lauritzen Foundation participated with the sale of 560,000 shares corresponding to 35% of the total buyback for a total sum of DKK 140m.
The trading of the shares will be registered on 26 February 2016 and the settlement of the share buyback is expected to be completed on 1 March 2016 via the individual shareholder's depositary bank or stockbroker.
As of today, the Company owns 2,827,628 of its own shares corresponding to 4.6% of the Company's total share capital, including 1,600,000 shares that have been purchased as part of this buyback programme.
Contact
Torben Carlsen, CFO
+45 33 42 32 01
Søren Brøndholt Nielsen, IR
+45 33 42 33 59
Vedhæftede filer:
UK_OMX_NO_08_25_02_2016_Share buy back.pdf