Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
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Announcement no. 28
16 June 2014
Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
On 15 May 2014, NORDEN initiated a share buy-back programme in accordance with EU Commission Regulation no. 2273/2003 (the Safe Harbor method), which ensures that the Company is protected against violation of insider legislation during the share buy-back.
Under the share buy-back programme, NORDEN will purchase treasury shares for up to a total of USD 10 million (approximately DKK 54 million). The share buy-back programme runs until 12 August 2014 at the latest.
Since the company announcement of 14 May 2014 initiating the share buy-back programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| 15/05/2014 | 6,655 | 214.83 | 1,429,694 | |
| 19/05/2014 | 10,000 | 214.93 | 2,149,300 | |
| 20/05/2014 | 9,900 | 216.28 | 2,141,172 | |
| 21/05/2014 | 13,000 | 213.53 | 2,775,890 | |
| 22/05/2014 | 10,000 | 214.41 | 2,144,100 | |
| 23/05/2014 | 10,000 | 214.44 | 2,144,400 | |
| 26/05/2014 | 7,000 | 216.33 | 1,514,310 | |
| 27/05/2014 | 7,500 | 218.45 | 1,638,375 | |
| 28/05/2014 | 8,000 | 218.43 | 1,747,440 | |
| 02/06/2014 | 6,000 | 216.99 | 1,301,940 | |
| 03/06/2014 | 7,000 | 214.42 | 1,500,940 | |
| 04/06/2014 | 12,000 | 211.19 | 2,534,280 | |
| 06/06/2014 | 3,500 | 215.96 | 755,860 | |
| 10/06/2014 | 7,000 | 217.76 | 1,524,320 | |
| 11/06/2014 | 7,000 | 214.85 | 1,503,950 | |
| 12/06/2014 | 5,500 | 213.34 | 1,173,370 | |
| 13/06/2014 | 14,000 | 209.26 | 2,929,640 | |
| Accumulated | 140,055 | 214.56 | 30,908,981 | |
Since the share buy-back programme was initiated on 15 May 2014, the total number of repurchased shares is 140,055 at a total amount of DKK 30,908,981.
With the transactions stated above, NORDEN holds a total 2,419,695 treasury shares, corresponding to 5.6%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,580,305.
Kind regards,
Dampskibsselskabet NORDEN A/S
Carsten Mortensen
President & CEO
Further information: Michael Tønnes Jørgensen, Executive Vice President & CFO, and Nicolai Bro Jöhncke, Head of Corporate Communications, tel. +45 3315 0451.
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DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO. 67758919