Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
ANNOUNCEMENT NO. 24 - 21 DECEMBER 2018
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 | 340,000 | 94.24 | 32,041,240 |
| 17/12/2008 | 9,000 | 98.98 | 890,820 |
| 18/12/2018 | 15,000 | 95.79 | 1,436,850 |
| 19/12/2018 | 13,000 | 93.77 | 1,219,010 |
| 20/12/2018 | 16,000 | 90.06 | 1,440,960 |
| Accumulated | 53,000 | 94.11 | 4,987,640 |
Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 393,000 at a total amount of DKK 37,028,880.
With the transactions stated above, NORDEN holds a total of 2,125,385 treasury shares, corresponding to 5.04%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 40,074,615.
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