RESULT OF SHARE BUYBACK COMPLETED
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company announcement
No. 18 |
On 8 February 2017 DFDS A/S ("DFDS" or the "Company") announced a share buyback of up to DKK 500m, which gave all shareholders an opportunity to sell their shares in the Company. The price range for the share buyback was DKK 320-390 per share.
The offer period expired at 04:00 pm CET on 21 February 2017 and the submitted bids have now been assessed.
On this basis, DFDS' Board of Directors has decided to buy back a total of 1,280,515 shares at DKK 373 per share of nominal value DKK 20, corresponding to a total purchase sum of DKK 478m.
All participating shareholders have been settled at 100% of the submitted bids. Lauritzen Foundation participated with the sale of 537,816 shares corresponding to 42% of the total buyback for a total sum of DKK 201m.
The trading of the shares will be registered on 23 February 2017 and the settlement of the share buyback is expected to be completed on 27 February 2017 via the individual shareholder's depositary bank or stockbroker.
As of today, DFDS owns 3,985,021 of its own shares corresponding to 6.6% of the total share capital, including 1,280,515 shares that have been purchased as part of this buyback.
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
Gert Jakobsen, Communications, +45 33 42 32 97
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DFDS A/S via GlobeNewswire
