DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 100 - 23 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 | 121,000 | 104.37 | 12,629,310 |
| 16/11/2020 | 16,000 | 107.16 | 1,714,528 |
| 17/11/2020 | 16,000 | 106.76 | 1,708,160 |
| 18/11/2020 | 16,000 | 108.25 | 1,732,000 |
| 19/11/2020 | 14,000 | 107.86 | 1,510,040 |
| 20/11/2020 | 14,000 | 107.75 | 1,508,500 |
| Accumulated | 197,000 | 105.60 | 20,802,538 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 197,000 at a total amount of DKK 20,802,538.
With the transactions stated above, NORDEN holds a total of 2,556,467 treasury shares, corresponding to 6.28%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,143,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451