Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 24 - 16 DECEMBER 2019
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 | 237,500 | 102.87 | 24,432,020 |
| 9/12/2019 | 10,000 | 103.83 | 1,038,300 |
| 10/12/2019 | 9,000 | 102.73 | 924,570 |
| 11/12/2019 | 10,000 | 103.33 | 1,033,300 |
| 12/12/2019 | 10,000 | 103.40 | 1,034,000 |
| 13/12/2019 | 8,000 | 104.27 | 834,160 |
| Accumulated | 284,500 | 102.97 | 29,296,350 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 284,500 at a total amount of DKK 29,296,350.
With the transactions stated above, NORDEN holds a total of 2,825,467 treasury shares, corresponding to 6.70%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,374,533.
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