Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 7 - 12 FEBRUARY 2019
On 8 November 2018, 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 8 November 2018 up to and including no later than 28 February 2019. For details please see announcement no. 13 of 7 November 2018.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 66 million). Under the programme the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 608,500 | 93.73 | 57,032,050 |
| 4/2/2019 | 14,000 | 91.02 | 1,274,280 |
| 5/2/2019 | 12,000 | 92.67 | 1,112,040 |
| 6/2/2019 | 4,000 | 93.02 | 372,080 |
| 7/2/2019 | 14,000 | 91.20 | 1,276,800 |
| 8/2/2019 | 20,000 | 89.64 | 1,792,800 |
| Accumulated | 64,000 | 91.06 | 5,828,000 |
Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 672,500 at a total amount of DKK 62,860,050.
With the transactions stated above, NORDEN holds a total of 2,404,885 treasury shares, corresponding to 5.70%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,795,115.
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
Dampskibsselskabet NORDEN A/S · 52, Strandvejen, DK-2900 Hellerup, Denmark · www.ds-norden.com · CVR NO. 67758919