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AP Moeller Maersk launches share buy-back of up to 5.6 billion Danish crowns


Tuesday, 19 Aug 2014 01:57am EDT 

AP Moeller Maersk A/S:Board of Directors has decided to initiate a share buy-back program of up to 5.6 billion Danish crowns (about $1 billion) to be executed during a 12 months period.The purpose of the share buy-back program is to adjust the capital structure of the company and to meet the obligations arising from employee share option programs or other allocations of shares to employees of the company.First phase of the share buy-back program will run from Sep. 1 to Nov. 30.Further details on the shares to be acquired in the first phase will be published on Aug. 29. 

Company Quote

15220.0
150.0 +1.00%
19 Sep 2014