Announcements

Transactions in connection with share buy-back programme

April 21, 2020 at 8:00 AM CEST

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 will run until 20 May 2020 and 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 14 April 2020 to 17 April 2020:

  No. of shares Average price (DKK) Total value (DKK)
Accumulated, last announcement 30,026   5,104,725
14 April 2020 15,000 170.97 2,564,522
15 April 2020 15,000 159.27 2,389,034
16 April 2020 12,000 150.79 1,809,449
17 April 2020 18,862 147.05 2,773,574
Total 60,862   9,536,581
Accumulated under the programme 90,888   14,641,306

Details of each transaction are included as an appendix to this announcement.

Following these transactions, Maersk Drilling holds 90,888 shares as treasury shares, corresponding to 0.22% of the total share capital and voting rights.

The share buy-back programme is 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 23 28 57 33
Michael.Harboe-Jorgensen@maerskdrilling.com

Kristoffer Apollo
Senior Press Officer
+45 27 90 31 02
Kristoffer.Apollo@maerskdrilling.com

Attachments