Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 2 - 13 JANUARY 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 | 363,500 | 103.24 | 37,529,450 |
| 6/1/2020 | 20,000 | 99.52 | 1,990,400 |
| 7/1/2020 | 15,000 | 101.12 | 1,516,800 |
| 8/1/2020 | 12,000 | 101.05 | 1,212,600 |
| 9/1/2020 | 12,000 | 101.84 | 1,222,080 |
| 10/1/2020 | 10,000 | 101.59 | 1,015,900 |
| Accumulated | 432,500 | 102.86 | 44,487,230 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 432,500 at a total amount of DKK 44,487,230.
With the transactions stated above, NORDEN holds a total of 3,336,967 treasury shares, corresponding to 7.05%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,226,533.
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