Transactions in connection with 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 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|
|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:
Head of Investor Relations
+45 23 28 57 33
Senior Press Officer
+45 27 90 31 02