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|
|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:
Head of Investor Relations
+45 2328 5733
Senior Press Officer
+45 2790 3102