On 15 November 2023, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 14 of 14 November 2023. Under the programme Schouw & Co. will acquire shares for up to DKK 75 million during the period 15 November 2023 to 1 March 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 9/2/2024
111,900
544.85
60,968,488
Monday, 12 February 2024
2,000
549.32
1,098,640
Tuesday, 13 February 2024
2,000
544.25
1,088,500
Wednesday, 14 February 2024
2,000
550.90
1,101,800
Thursday, 15 February 2024
2,000
556.94
1,113,880
Friday, 16 February 2024
2,000
559.77
1,119,540
In the period 12/2/2024 - 16/2/2024
10,000
552.24
5,522,360
Accumulated 15/11/2023 - 16/2/2024
121,900
545.45
66,490,848
Following the above transactions Schouw & Co. holds a total of 2,096,076 treasury shares corresponding to 8.22% 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.