On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024.
The buy-back will be structured in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (“Safe Harbour” rules).
Trading day
No. of shares
Average price
Amount
Accumulated until 15/3/2024
23,900
529.43
12,653,292
Monday, 18 March 2024
2,500
526.31
1,315,775
Tuesday, 19 March 2024
2,500
523.93
1,309,825
Wednesday, 20 March 2024
2,400
525.74
1,261,776
Thursday, 21 March 2024
2,400
525.74
1,261,776
Friday, 22 March 2024
2,300
526.97
1,212,031
In the period 18/3/2024 - 22/3/2024
12,100
525.72
6,361,183
Accumulated 4/3/2024 - 22/3/2024
36,000
528.18
19,014,475
Following the above transactions Schouw & Co. holds a total of 2,146,926 treasury shares corresponding to 8.42% of the total share capital of 25,500,000 shares.
Schouw & Co A/S is a Denmark-based industrial conglomerate. The Company invests in Danish industrial businesses and develops them through value-creating, active and long-term ownership. The Company operates under six sub-groups: BioMar is a manufacturer of feed for industrial fish farming; Fibertex Personal Care is a manufacturer of spunbond nonwovens for the personal care industry; Fibertex Nonwovens is a manufacturer of nonwovens for industrial applications; HydraSpecma is a specialized trading and engineering company, which engages in the trading and producing hydraulic components and systems development for industry; Borg Automotive is an independent remanufacturing company and specializes in sales, production and distribution in the auto aftermarket, and GPV specializes in both electronics and advanced mechanics and is the provider of Electronic Manufacturing Services (EMS) in Denmark. Its portfolio businesses have production sites in over 25 different countries across the world.