Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back

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ANNOUNCEMENT NO. 19 - 18 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:

DateNumber of sharesAverage purchase price (DKK)Transaction value (DKK)

 
Total, last announcement 

28,500
 

100.030
 

2,850,830
11/11/201914,500100.2001,452,900
12/11/201914,000100.2701,403,780
13/11/201913,500100.8601,361,610
14/11/201913,000100.4601,305,980
15/11/201914,000101.1301,415,820
Accumulated97,500100.3059,790,920

Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 97,500 at a total amount of DKK 9,790,920.

With the transactions stated above, NORDEN holds a total of 2,638,467 treasury shares, corresponding to 6.25%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,561,533.

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