Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
Announcement no. 37 - 7 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 | 110,000 | 99.02 | 10,866,030 |
| 31/8/2020 | 17,000 | 96.10 | 1,633,700 |
| 1/9/2020 | 15,000 | 96.75 | 1,451,250 |
| 2/9/2020 | 15,000 | 96.78 | 1,451,700 |
| 3/9/2020 | 15,000 | 96.55 | 1,448,250 |
| 4/9/2020 | 18,000 | 93.29 | 1,679,220 |
| Accumulated | 190,000 | 97.53 | 18,530,150 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 190,000 at a total amount of DKK 18,530,150.
With the transactions stated above, NORDEN holds a total of 1,899,367 treasury shares, corresponding to 4.67%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,800,633.
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