Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 5 - 3 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 | 570,500 | 101.58 | 57,949,610 |
| 27/1/2020 | 16,000 | 92.47 | 1,479,520 |
| 28/1/2020 | 17,000 | 93.03 | 1,581,510 |
| 29/1/2020 | 17,000 | 94.24 | 1,602,080 |
| 30/1/2020 | 16,000 | 92.87 | 1,485,920 |
| 31/1/2020 | 15,000 | 91.71 | 1,375,650 |
| Accumulated | 651,500 | 100.50 | 65,474,290 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 651,500 at a total amount of DKK 65,474,290.
With the transactions stated above, NORDEN holds a total of 3,192,467 treasury shares, corresponding to 7.57%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,007,533.
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