DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 125 - 21 DECEMBER 2020
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 | 395,000 | 108.80 | 42,975,358 |
| 14/12/2020 | 13,000 | 114.59 | 1,489,670 |
| 15/12/2020 | 14,000 | 115.40 | 1,615,600 |
| 16/12/2020 | 12,000 | 117.87 | 1,414,440 |
| 17/12/2020 | 12,000 | 116.89 | 1,402,680 |
| 18/12/2020 | 12,000 | 116.71 | 1,400,520 |
| Accumulated | 458,000 | 109.82 | 50,298,268 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 458,000 at a total amount of DKK 50,298,268.
With the transactions stated above, NORDEN holds a total of 2,817,467 treasury shares, corresponding to 6.92%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,882,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451