The giant shipping group announced the scheme in August and said it would spend up to $400m by the end of November in the first phase.

In its second update on purchases, the company revealed that from 29 September to 3 October it had bought another 2,500 A shares worth nearly DKK 30m and 10,000 B shares worth DKK 140m.

This gives it 13,550 A shares and 156,767 B shares, to be held as treasury stock and cancelled next year.

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