Conclusion of share buy-back programme
On 6 April 2020, The Drilling Company of 1972 A/S ("Maersk Drilling") initiated a share buy-back programme to cover obligations arising under its long-term incentive programme.
The share buy-back programme was to comprise up to 245,000 shares, corresponding to 0.6% of Maersk Drilling's share capital, subject to a maximum total purchase price of DKK 70 million.
The following transactions were executed under the programme from 18 May 2020 to 20 May 2020:
| No. of shares | Average price (DKK) | Total value (DKK) | |
| Accumulated, last announcement | 235,527 | 35,908,176 | |
| 18 May 2020 | 2,000 | 151.49 | 302,978 |
| 19 May 2020 | 3,001 | 154.60 | 463,961 |
| 20 May 2020 | 4,472 | 151.05 | 675,492 |
| Total | 9,473 | 1,442,430 | |
| Accumulated under the programme | 245,000 | 37,350,605 |
Details of each transaction are included as an appendix to this announcement.
Following these transactions, Maersk Drilling holds 243,164 shares as treasury shares, corresponding to 0.59% of the total share capital and voting rights.
This concludes the announced share buy-back programme, as the maximum number of shares has been repurchased.
The share buy-back programme was undertaken in accordance with Regulation (EU) No. 596/2014 ('MAR') and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the 'Safe Harbour Regulation'. Further details on the terms of the share buy-back programme can be found in company announcement no. 7/2020 dated 6 April 2020.
For further information, please contact:
Michael Harboe-Jørgensen
Head of Investor Relations
+45 2328 5733
Michael.Harboe-Jorgensen@maerskdrilling.com
Kristoffer Apollo
Senior Press Officer
+45 2790 3102
Kristoffer.Apollo@maerskdrilling.com
Attachments
Company announcement - 017 - 26052020 - Share buy-back programme - Week 21 Appendix - Specification - Week 21
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