DSV, 448 - Conclusion of share buy-back programme and reduction of share capital in DSV A/S

DSV A/S 

23.04.2012 19:44
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Company Announcement No. 448

On 21 February 2012, DSV initiated the announced share buy-back programme, cf.
company announcement No. 435 of 21 February 2012. According to the programme
DSV will in the period from 21 February 2012 to 23 April 2012 purchase own
shares up to a maximum value of DKK 200,000,000 and no more than 2,000,000
shares, corresponding to 1.05% of the share capital of DSV A/S at that time.
The programme was implemented in accordance with the 'Safe Harbour' provisions
of EU Regulation No. 2273/2003 of 22 December 2003. 

Trading day                    Number of shares   Average transaction     Amount
                                    bought back                 price        DKK
Accumulated for trading               1,388,316                127.16  176,540,7
 day 1-35                                                                     66
36: 13 April 2012                        32,500                124.54  4,047,518
37: 16 April 2012                        30,000                123.53  3,705,750
38: 17 April 2012                        10,000                124.67  1,246,670
39: 18 April 2012                        30,000                125.61  3,768,180
40: 19 April 2012                        26,500                125.92  3,336,801
41: 20 April 2012                        35,000                123.96  4,338,460
42: 23 April 2012                        24,900                121.12  3.015.838
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Accumulated for trading               1,577,216                126.81  199,999,9
 day 1-42                                                                     83
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DSV's accumulated share buy-back in the period from 21 February 2012 to 23
April 2012 thus total 1,577,216 shares at a total purchase price of DKK 200.0
million. The share buy-back programme announced has now been concluded and the
shares bought back will be used partly to hedge the Group's incentive
programme. At DSV's general meeting it will be proposed that shares not used
for hedging of the incentive programme will be cancelled. 

At DSV's Annual General Meeting on 21 March 2012 a resolution was passed,
following a recommendation by the Board of Directors, to reduce the share
capital by a nominal amount of DKK 2,000,000 through the cancellation of
2,000,000 treasury shares, corresponding to 2,000,000 voting rights. At the
expiry of the four-week time limit on 18 April 2012 no claims had been filed
requiring satisfaction or provision of security, and the reduction of the share
capital was completed and registered on 18 April 2012. Consequently, the share
capital of DSV has a nominal value of DKK 188,000,000, divided into 188,000,000
shares with a face value of DKK 1, corresponding to 188,000,000 voting rights. 

As of today, DSV A/S holds a total of 3,253,166 shares of a face value of DKK 1
in DSV A/S, corresponding to 1.73% of the total number of issued shares as of
today of 188,000,000. 

The latest announcement dated 12 April 2012 stated that DSV A/S held 2.72% of
the Company's share capital at that time. 

Any questions may be addressed to Flemming Ole Nielsen, Investor Relations
Manager, tel. +45 43 20 30 40. 



Yours sincerely,

DSV



Flemming Ole Nielsen

Investor Relations Manager
News Source: NASDAQ OMX



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Language:     English
Company:      DSV A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0060079531
WKN:          
 
End of Announcement                             DGAP News-Service
 
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