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RESULT OF SHARE BUYBACK COMPLETED ON 24 FEBRUARY 2016
26 February, 2016
DFDS announces a share buyback programme of up to DKK 400m. The price range for the share buyback is DKK 205-265 per share
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
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.
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.
+45 33 42 32 01
Brøndholt Nielsen, IR
+45 33 42 33 59