Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 2 - 14 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 | 477,000 | 93.63 | 44,663,730 |
| 7/1/2019 | 8,000 | 96.10 | 768,800 |
| 8/1/2019 | 5,000 | 97.83 | 489,150 |
| 9/1/2019 | 4,500 | 98.62 | 443,790 |
| 10/1/2019 | 4,000 | 96.66 | 386,640 |
| 11/1/2019 | 5,000 | 94.53 | 472,650 |
| Accumulated | 26,500 | 96.64 | 2,561,030 |
Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 503,500 at a total amount of DKK 57,224,760.
With the transactions stated above, NORDEN holds a total of 2,235,885 treasury shares, corresponding to 5.30%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,964,115.
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