Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 75 - 19 OCTOBER 2020
On 19 August 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 19 August 2020 up to and including no later than end-October 2020. For details please see announcement no. 21 of 19 August 2020.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 63 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 456,000 | 96.95 | 44,207,080 |
| 12/10/2020 | 8,000 | 104.58 | 836,640 |
| 13/10/2020 | 9,000 | 102.46 | 922,140 |
| 14/10/2020 | 9,000 | 101.40 | 912,600 |
| 15/10/2020 | 9,000 | 101.09 | 909,786 |
| 16/10/2020 | 9,000 | 100.97 | 908,730 |
| Accumulated | 500,000 | 97.39 | 48,696,976 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 500,000 at a total amount of DKK 48,696,976.
With the transactions stated above, NORDEN holds a total of 2,209,367 treasury shares, corresponding to 5.43%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,490,633.
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