DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 54 - 1. MARCH 2021
On 4 November 2020, 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 2020 up to and including no later than end February 2021. For details please see announcement no. 87 of 4 November 2020.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 20 million (approximately DKK 126 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 1,026,500 | 113.57 | 116,574,868 |
| 22/2/2021 | 13,000 | 125.41 | 1,630,330 |
| 23/2/2021 | 15,000 | 124.74 | 1,871,100 |
| 24/2/2021 | 15,000 | 125.31 | 1,879,650 |
| 25/2/2021 | 16,000 | 127.39 | 2,038,240 |
| 26/2/2021 | 15,300 | 130.26 | 1,992,978 |
| Accumulated | 1,100,800 | 114.45 | 125,987,166 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 1,100,800 (the amount is adjusted for share options for 18,070 shares exercised in connection with the incentive programme in January) at a total amount of DKK 125,987,166 and the share buy-back programme is thus completed.
With the transactions stated above, NORDEN holds a total of 3,442,197 treasury shares, corresponding to 8.46%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,257,803.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451