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 27 April 2020 to 1 May 2020:
|No. of shares||Average price (DKK)||Total value (DKK)|
|Accumulated, last announcement||155,695||23,867,430|
|27 April 2020||9,944||148.71||1,478,816|
|28 April 2020||10,000||148.97||1,489,735|
|29 April 2020||6,323||151.86||960,181|
|30 April 2020||9,791||164.99||1,615,423|
|1 May 2020||6,949||156.73||1,089,112|
|Accumulated under the programme||198,702||30,500,700|
Details of each transaction are included as an appendix to this announcement.
Following these transactions, Maersk Drilling holds 196,866 shares as treasury shares, corresponding to 0.47% 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