Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 42 - 14 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 | 190,000 | 97.53 | 18,530,150 |
| 7/9/2020 | 18,000 | 91.81 | 1,652,580 |
| 8/9/2020 | 19,000 | 90.27 | 1,715,130 |
| 9/9/2020 | 17,000 | 93.19 | 1,584,230 |
| 10/9/2020 | 17,000 | 93.43 | 1,588,310 |
| 11/9/2020 | 18,000 | 94.21 | 1,695,780 |
| Accumulated | 279,000 | 95.94 | 26,766,180 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 279,000 at a total amount of DKK 26,766,180.
With the transactions stated above, NORDEN holds a total of 1,988,367 treasury shares, corresponding to 4.89%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,711,633.
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