DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 26 - 1 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 | 709,000 | 112.19 | 79,540,428 |
| 25/1/2021 | 15,000 | 118.63 | 1,779,450 |
| 26/1/2021 | 15,000 | 118.82 | 1,782,300 |
| 27/1/2021 | 20,000 | 113.77 | 2,275,400 |
| 28/1/2021 | 20,000 | 110.58 | 2,211,600 |
| 29/1/2021 | 23,000 | 110.24 | 2,535,520 |
| Accumulated | 802,000 | 112.37 | 90,124,698 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 802,000 at a total amount of DKK 90,124,698.
With the transactions stated above, NORDEN holds a total of 3,161,467 treasury shares, corresponding to 7.77%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,538,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451