Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 3 - 21 JANUARY 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 | 503,500 | 93.79 | 47,224,760 |
| 14/1/2019 | 4,000 | 93.48 | 373,920 |
| 15/1/2019 | 5,000 | 92.69 | 463,450 |
| 16/1/2019 | 5,000 | 93.20 | 466,000 |
| 17/1/2019 | 5,000 | 93.61 | 468,050 |
| 18/1/2019 | 5,000 | 94.49 | 472,450 |
| Accumulated | 24,000 | 93.49 | 2,243,870 |
Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 527,500 at a total amount of DKK 49,468,630.
With the transactions stated above, NORDEN holds a total of 2,259,885 treasury shares, corresponding to 5.36%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,940,115.
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