DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 111 - 13 DECEMBER 2021
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 | 525,500 | 155.13 | 81,523,035 |
| 06/12/2021 | 28,000 | 148.55 | 4,159,400 |
| 07/12/2021 | 28,000 | 155.33 | 4,349,240 |
| 08/12/2021 | 28,000 | 157.13 | 4,399,640 |
| 09/12/2021 | 24,000 | 154.73 | 3,713,520 |
| 10/12/2021 | 25,000 | 154.78 | 3,869,500 |
| Accumulated | 658,500 | 154.92 | 102,014,335 |
Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 658,500 at a total amount of DKK 102,014,335.
With the transactions stated above, NORDEN holds a total of 2,180,939 treasury shares, corresponding to 5.56%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 37,019,061.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Thomas France, Investor Communications Partner, tel.: 3315 0451