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AMKBY AP Moller Maersk AS (PK)

7.593
0.233 (3.17%)
Last Updated: 18:01:53
Delayed by 15 minutes
Name Symbol Market Type
AP Moller Maersk AS (PK) USOTC:AMKBY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.233 3.17% 7.593 7.58 7.60 7.67 7.39 7.60 155,442 18:01:53

AP Moller-Maersk Starts Second Phase of Share Buy-Back

01/12/2015 9:11am

Dow Jones News


AP Moller Maersk AS (PK) (USOTC:AMKBY)
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   By Dominic Chopping 
 

Danish conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Tuesday it is initiating the second phase of its previously announced share buy-back program.

The company said in August that it was initiating a 6.7 billion Danish kroner ($950.6 million) share buy-back program during a 12 month period.

The first phase, which started 1 September 2015, has just been completed. The second phase of the program will run from 1 December 2015 to 31 March 2016.

The company has appointed Handelsbanken as lead manager for the second phase of the share buy-back. Handelsbanken will make own trading decisions independently of and without influence from the Company and within the announced limits.

 

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

December 01, 2015 03:56 ET (08:56 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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