Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 18 - 11 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.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 67 million).
Since the company announcement of 6 November 2019 on the share buy-back programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| 7/11/2019 | 14,000 | 99,790 | 1,397,060 |
| 8/11/2019 | 14,500 | 100,260 | 1,453,770 |
| Accumulated | 28,500 | 100,030 | 2,850,830 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 28,500 at a total amount of DKK 2,850,830.
With the transactions stated above, NORDEN holds a total of 2,569,467 treasury shares, corresponding to 6.09%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,630,533.
Kind regards
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Nicolai Bro Jöhncke, Head of Corporate Communications & CSR, tel.: +45 3315 0451