DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 94 - 16 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 | 34,000 | 103.34 | 3,513,560 |
| 09/11/2020 | 17,000 | 103.75 | 1,763,750 |
| 10/11/2020 | 17,000 | 104.11 | 1,769,870 |
| 11/11/2020 | 17,000 | 104.97 | 1,784,490 |
| 12/11/2020 | 18,000 | 105.28 | 1,895,040 |
| 13/11/2020 | 18,000 | 105.70 | 1,902,600 |
| Accumulated | 121,000 | 104.37 | 12,629,310 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 121,000 at a total amount of DKK 12,629,310.
With the transactions stated above, NORDEN holds a total of 2,480,467 treasury shares, corresponding to 6.09%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,219,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Anne-Louise Dam-Rasmussen, Head of Communications, tel.: +45 3273 0624