Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 50 - 21 SEPTEMBER 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 | 279,000 | 95.94 | 26,766,180 |
| 14/9/2020 | 17,000 | 95.15 | 1,617,550 |
| 15/9/2020 | 15,000 | 96.43 | 1,446,450 |
| 16/9/2020 | 14,000 | 96.05 | 1,344,700 |
| 17/9/2020 | 14,000 | 96.30 | 1,348,200 |
| 18/9/2020 | 14,000 | 95.73 | 1,340,220 |
| Accumulated | 353,000 | 95.93 | 33,863,300 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 353,000 at a total amount of DKK 33,863,300.
With the transactions stated above, NORDEN holds a total of 2,062,300 treasury shares, corresponding to 5.07%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,637,633.
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