Initiates second phase of share buy-back program
As announced on 5 February 2026, A.P. Møller – Mærsk A/S (the “Company”) has decided to launch a share buy-back program of up to DKK 6.3 billion (around USD 1 billion) to be executed over a period of 12 months. The first phase, which started on 9 February 2026, was completed on 5 August 2026. ...
On 5 February 2026, A.P. Møller – Mærsk A/S announced the initiation of the second phase of its share buy-back program, set to run until 29 January 2027. The program is valued at DKK 6.3 billion (approximately USD 1 billion) and will be completed in 12 months. Phase one of the program was launched on 9 February 2026 and concluded on 5 August 2026, during which time the company acquired shares worth DKK 3.15 billion.
The second phase will limit the acquisition to a total market value of DKK 3.15 billion, or around USD 500 million. Up to 350,000 A shares and 1,400,000 B shares can be acquired during this period. The buy-back program is in compliance with EU Commission Regulation No. 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, designed to safeguard the Company, its Board of Directors, and Executive Board from insider trading violations.
The program's authorization stems from a March 2025 decision by the Annual General Meeting, which authorizes the Company to buy back treasury shares, with value not exceeding 15% of the share capital, at a price close to the market rate at the time of acquisition.
Nordea has been appointed as the Lead Manager for the second phase, responsible for its independent trading within the set limits. Before this phase, the Company owned 38,248 A-shares and 222,032 B-shares, accounting for 1.77% of its share capital. The purpose of the share buy-back is to reshape the Company's capital structure, aiming for eventual share repurchase cancellation.
Under the terms of the program, no shares can be bought above the higher of the latest independent trade price or the highest current offer price on the trading venue. The maximum number of shares bought on a trading day cannot exceed 22.50% of the average daily trading volume of A and B shares over the last 20 trading days. A and B shares are purchased in a 20/80 split based on their respective trading volumes.
The Company will report its purchases at least every 7th trading day. A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond will participate by selling shares proportionate to its ownership in the Company, selling B-shares as long as it holds them, and switching to A-shares if it only owns those. The Company can suspend the program at any time, announcing the decision to NASDAQ Copenhagen.
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