Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 1 - 6 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 | 320,500 | 102.97 | 33,000,430 |
| 20/12/2019 | 7,000 | 104.85 | 733,950 |
| 23/12/2019 | 7,000 | 104.70 | 732,900 |
| 27/12/2019 | 7,000 | 105.99 | 741,930 |
| 30/12/2019 | 6,000 | 106.36 | 638,160 |
| 2/1/2020 | 6,000 | 108.03 | 648,180 |
| 3/1/2020 | 10,000 | 103.39 | 1,033,900 |
| Accumulated | 363,500 | 103.24 | 37,529,450 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 363,500 at a total amount of DKK 37,529,450.
With the transactions stated above, NORDEN holds a total of 2,904,467 treasury shares, corresponding to 6.88%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,295,533.
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