DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 46 - 22 FEBRUARY 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 | 949,000 | 112.81 | 107,057,688 |
| 15/2/2021 | 13,500 | 120.04 | 1,620,540 |
| 16/2/2021 | 16,000 | 121.92 | 1,950,720 |
| 17/2/2021 | 16,000 | 123.83 | 1,981,280 |
| 18/2/2021 | 16,000 | 124.51 | 1,992,160 |
| 19/2/2021 | 16,000 | 123.28 | 1,972,480 |
| Accumulated | 1,026,500 | 113.57 | 116,574,868 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 1,026,500 at a total amount of DKK 116,574,868.
With the transactions stated above, NORDEN holds a total of 3,385,967 treasury shares, corresponding to 8.32%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,314,033.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451