Dalhoff Larsen & Horneman A/S (CPSE:DLH) commences share repurchases on March 6, 2017, under the program mandated by the shareholders in the Annual General Meeting held on April 25, 2016. As per the mandate, the company is authorized to repurchase its own shares for up to a total nominal value of 10% of the company’s share capital, including the company's existing holding of own shares. The consideration may not deviate by more than 5% from the bid price quoted on Nasdaq Copenhagen at the time of the acquisition. If own shares are acquired it is the intention that these shall be cancelled via a subsequent capital reduction. The plan will run until the next Annual General Meeting. On March 6, 2017, the company decided to initiate a share repurchase program. Under the program, the company will repurchase up to 5,356,649 shares for DKK 6 million. The share buyback program will be implemented in accordance with European Parliament and Council Regulation (EU) no. 596/2014 of 16 April 2014 on market abuse (market abuse regulation) and Commission Delegated Regulation (EU) 2016/1052. The program aims to adapt the company's capital structure. The Board may at any time decide to terminate the share buyback, even if the maximum number is not bought back or the maximum amount not used. The program will expire on March 28, 2017, but may be terminated earlier if the board decides.