DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 20 - 25 JANUARY 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 | 654,000 | 111.40 | 72,858,618 |
| 18/1/2021 | 10,000 | 121.49 | 1,214,900 |
| 19/1/2021 | 10,000 | 120.50 | 1,205,000 |
| 20/1/2021 | 11,000 | 120.85 | 1,329,350 |
| 21/1/2021 | 12,000 | 122.51 | 1,470,120 |
| 22/1/2021 | 12,000 | 121.87 | 1,462,440 |
| Accumulated | 709,000 | 112.19 | 79,540,428 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 709,000 at a total amount of DKK 79,540,428.
With the transactions stated above, NORDEN holds a total of 3,068,467 treasury shares, corresponding to 7.54%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,631,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451