News / per-aarsleff-holding-a-s-launches-share-buyback-programme-from-june-2024

28.05.2024 - Company announcement

Per Aarsleff Holding A/S launches share buyback programme from june 2024

The Board of Directors of Per Aarsleff Holding A/S has decided to use its authority to let the company buy own B shares. 

The purpose of the share buyback is to reduce Per Aarsleff Holding A/S’s share capital and to meet obligations arising from a share-based incentive programme for the employees of the Aarsleff Group (employee share programme with matching shares). 

Period and maximum value of the share buyback programme
The share buyback programme will run from 3 June 2024 to 31 May 2025, both days inclusive. During this period, Per Aarsleff Holding A/S will buy back B shares up to a maximum value of DKK 150 million in accordance with Regulation (EU) No. 596/2014 of the European Parliament and Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the “Safe Harbour rules”. 

Share buyback terms

  • Per Aarsleff Holding A/S has appointed Nordea Danmark (branch of Nordea Bank Abp, Finland) as lead manager of the share buyback. 
  • The maximum total consideration for B shares purchased in the period of the programme is DKK 150 million, and Per Aarsleff Holding A/S can purchase a maximum of 550,000 B shares. 
  • The share buyback must not be executed at a share price which exceeds the higher of (i) the share price of the last independent transaction and (ii) the highest independent bid at Nasdaq Copenhagen A/S at the time of trading. 
  • The maximum number of B shares purchased on each business day will be equivalent to 25% of the average daily trading volume of the company’s B shares traded on Nasdaq Copenhagen during the preceding 20 trading days prior to the time of purchase. 

A company announcement of any transactions under the programme will be published by Per Aarsleff Holding A/S each week throughout the duration of the share buyback programme.