NORDEN initiates share buy-back programme
ANNOUNCEMENT NO. 87 - 4 NOVEMBER 2020 The Board of Directors has decided to carry out a share buy-back of up to a total of USD 20 million (approximately DKK 126 million). The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors, which entitles NORDEN to acquire treasury shares at a nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to 10%. This authorisation was most recently renewed at NORDEN’s general meeting on 12 June 2020. PurposeThe purpose of the