Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
Announcement no. 25 - 24 August 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) |
| 19/8/2020 | 0 | 0 | 0 |
| 20/8/2020 | 15,000 | 98.53 | 1,477,950 |
| 21/8/2020 | 15,000 | 97.79 | 1,466,850 |
| Accumulated | 30,000 | 98.16 | 2,944,800 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 30,000 at a total amount of DKK 2,944,800.
With the transactions stated above, NORDEN holds a total of 1,739,367 treasury shares, corresponding to 4.27%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,960,633.
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