DAMPSKIBSSELSKABET NORDEN A/S – FINAL WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 52 - 28 FEBRUARY 2022
On 4 November 2021, NORDEN initiated a share buy-back programme in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buy-back programme runs from 4 November 2021 up to and including no later than end February 2022. For details, please see announcement no. 75 of 4 November 2021.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 40 million (approximately DKK 263 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 1,580,500 | 156.86 | 247,920,835 |
| 21/02/2022 | 15,000 | 160.72 | 2,410,800 |
| 22/02/2022 | 14,000 | 162.59 | 2,276,260 |
| 23/02/2022 | 16,000 | 163.56 | 2,616,960 |
| 24/02/2022 | 25,000 | 154.87 | 3,871,750 |
| 25/02/2022 | 23,900 | 163.27 | 3,902,153 |
| Accumulated | 1,674,400 | 157.07 | 262,998,758 |
Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 1,674,400 at a total amount of DKK 262,998,758.
With the transactions stated above, NORDEN holds a total of 3,123,069 treasury shares, corresponding to 7.97%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 36,076,931.
This concludes the share buy-back programme.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451