Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 20 - 26 NOVEMBER 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 | 97,500 | 100.305 | 9,790,920 |
| 18/11/2019 | 13,000 | 101.850 | 1,324,050 |
| 19/11/2019 | 11,000 | 104.550 | 1,150,050 |
| 20/11/2019 | 9,000 | 106.170 | 955,530 |
| 21/11/2019 | 8,000 | 106.160 | 849,280 |
| 22/11/2019 | 9,000 | 106.690 | 960,210 |
| Accumulated | 147,500 | 101.797 | 15,030,040 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 147,500 at a total amount of DKK 15,030,040.
With the transactions stated above, NORDEN holds a total of 2,688,467 treasury shares, corresponding to 6.37%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,511,533.
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