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 14 April 2020 to 17 April 2020:
| No. of shares | Average price (DKK) | Total value (DKK) | |
| Accumulated, last announcement | 30,026 | 5,104,725 | |
| 14 April 2020 | 15,000 | 170.97 | 2,564,522 |
| 15 April 2020 | 15,000 | 159.27 | 2,389,034 |
| 16 April 2020 | 12,000 | 150.79 | 1,809,449 |
| 17 April 2020 | 18,862 | 147.05 | 2,773,574 |
| Total | 60,862 | 9,536,581 | |
| Accumulated under the programme | 90,888 | 14,641,306 |
Details of each transaction are included as an appendix to this announcement.
Following these transactions, Maersk Drilling holds 90,888 shares as treasury shares, corresponding to 0.22% 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
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