Company Announcement to the Danish Financial Supervisory Authority No. 10-2013, 30 May 2013
On 21 May 2013, FLSmidth announced a share buyback programme in accordance with the provisions of Commission Regulation No. 2273/2003 of 22 December 2003, also referred to as the "Safe Harbour" rules. In accordance with the rules, FLSmidth will publish the accumulated purchases under the share buy-back programme every 7th trading day.
In connection with the programme, FLSmidth will in the period from 21 May 2013 to 30 September 2013 repurchase shares for an amount of up to DKK 521 million. The maximum number of shares that may be bought is 3,000,000.
Under the programme, the following transactions have been executed since the programme was launched on 21 May 2013:
|
Date
|
Number of shares
|
Average purchase price (DKK per share) |
Amount (DKK)
|
|
21 May 2013 |
0 |
0 |
0 |
|
22 May 2013 |
28,000 |
306.13 |
8,571,640 |
|
23 May 2013 |
30,100 |
297.05 |
8,941,205 |
|
24 May 2013 |
26,000 |
295.31 |
7,678,060 |
|
27 May 2013 |
28,000 |
294.44 |
8,244,320 |
|
28 May 2013 |
30,000 |
296.24 |
8,887,200 |
|
29 May 2013 |
28,500 |
295.49 |
8,421,465 |
|
Accumulated under the programme following the above purchases: |
170,600 |
297.44 |
50,743,890 |
Following the above purchases, FLSmidth holds 1,506,000 treasury shares corresponding to 2.83% of the share capital.
Purchases for an amount of up to DKK 470 million remain to be executed under the programme.
-------------------------------------
Please address any questions regarding this announcement to CFO and Group Executive Vice President Ben Guren, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
