DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 106 - 30 NOVEMBER 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 | 197,000 | 105.60 | 20,802,538 |
| 23/11/2020 | 14,000 | 109.61 | 1,534,540 |
| 24/11/2020 | 14,000 | 110.42 | 1,545,880 |
| 25/11/2020 | 13,000 | 109.16 | 1,419,080 |
| 26/11/2020 | 14,000 | 110.47 | 1,546,580 |
| 27/11/2020 | 14,000 | 111.86 | 1,566,040 |
| Accumulated | 266,000 | 106.82 | 28,414,658 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 266,000 at a total amount of DKK 28,414,658.
With the transactions stated above, NORDEN holds a total of 2,625,467 treasury shares, corresponding to 6.45%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,074,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451