DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 86 - 15 NOVEMBER 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 | 22,000 | 158.82 | 3,494,040.00 |
| 08/11/2021 | 22,000 | 162.05 | 3,565,100 |
| 09/11/2021 | 22,000 | 164.13 | 3,610,860 |
| 10/11/2021 | 24,000 | 161.40 | 3,873,600 |
| 11/11/2021 | 20,000 | 163.98 | 3,279,600 |
| 12/11/2021 | 20,000 | 168.93 | 3,378,600 |
| Accumulated | 108,000 | 163.96 | 17,707,760 |
Since the share buy-back programme was initiated on 4 November 2021, the total number of repurchased shares is 130,000 at a total amount of DKK 21,201,800.
With the transactions stated above, NORDEN holds a total of 1,654,939 treasury shares, corresponding to 4.22%. The total number of shares in NORDEN is 39,200,000 million. Adjusted for treasury shares, the number of shares is 37,545,061.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Thomas France, Investor Communications Partner, tel.: 3315 0451