DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 109 - 2 MAY 2022
On 3 March 2022, 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 3 March 2022 up to and including no later than end April 2022. For details, please see announcement no. 56 of 3 March 2022.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 201.5 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 728,000 | 243.57 | 177,322,280 |
| 25/04/2022 | 32,000 | 234.76 | 7,512,320 |
| 26/04/2022 | 20,000 | 227.43 | 4,548,600 |
| 27/04/2022 | 15,000 | 239.92 | 3,598,800 |
| 28/04/2022 | 10,000 | 258.54 | 2,585,400 |
| 29/04/2022 | 12,900 | 264.29 | 3,409,341 |
| Accumulated | 817,900 | 243.28 | 198,976,741 |
Since the share buy-back programme was initiated on 3 March 2022, the total number of repurchased shares is 817,900 at a total amount of DKK 198,976,741.
With the transactions stated above, NORDEN holds a total of 3,804,490 treasury shares, corresponding to 9.71%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 35,395,510.
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