DSV A/S commences an Equity Buyback for 21,900,000 shares, representing 10% of its issued share capital, under the authorization approved on March 14, 2024.

DSV Panalpina A/S (CPSE:DSV) commences share repurchases on April 24, 2024, under the program mandated by the shareholders in the Annual General Meeting held on March 14, 2024. As per the mandate, the company is authorized to repurchase 21,900,000 shares, such that the company?s holding in treasury does not exceed 10% of its issued share capital for a nominal value of up to DKK 21.4 million. The purchase price may not deviate by more than 10% from the most recently quoted market price of the shares at the date of repurchase.

The purpose of repurchase program is to maintain an active capital allocation policy and cover the incentive program. The share repurchase program is valid for 5 years, till March 14, 2029. As of February 8, 2024, the company had 219,000,000 shares in issue.