Announcements

Transactions in connection with share buy-back programme

May 19, 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 11 May 2020 to 15 May 2020:

  No. of shares Average price (DKK) Total value (DKK)
Accumulated, last announcement 221,804   33,939,146
11 May 2020 2,956 150.05 443,555
12 May 2020 2,000 149.02 298,045
13 May 2020 2,000 146.20 292,407
14 May 2020 3,767 137.03 516,211
15 May 2020 3,000 139.60 418,811
Total 13,723   1,969,030
Accumulated under the programme 235,527   35,908,176

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

Following these transactions, Maersk Drilling holds 233,691 shares as treasury shares, corresponding to 0.56% 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