Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 6 - 4 FEBRUARY 2020
On 7 November 2019, 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 7 November 2019 up to and including no later than 28 February 2020. For details please see announcement no. 17 of 6 November 2019.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 67 million). Under the programme the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 651,500 | 100.50 | 65,474,290 |
| 3/2/2020 | 16,900 | 89.85 | 1,518,465 |
| Accumulated | 668,400 | 100.23 | 66,992,755 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 668,400 at a total amount of DKK 66,992,755, and the share buy-back programme is thus completed.
With the transactions stated above, NORDEN holds a total of 3,209,367 treasury shares, corresponding to 7.61%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 38,990,633.
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