Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
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Dampskibsselskabet NORDEN A/S
______________________________________________________________________________
Announcement no. 3
15 January 2014
Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back
On 13 November 2013, NORDEN initiated the fourth phase of 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 30 million (approximately DKK 170 million). The first phase of the share buy-back programme ran from 8 April 2013 to 6 May 2013 and had a value of DKK 20 million. The second phase of the share buy-back programme ran from 15 May 2013 to 13 August 2013 and had a value of DKK 50 million. The third phase of the share buy-back programme ran from 14 August 2013 to 12 November 2013 and had a value of DKK 50 million. The fourth phase of the share buy-back programme will have a value of up to DKK 50 million and is expected to run until 4 March 2014. This fourth phase should bring the value of the total share buy-back up to a total of USD 30 million.
Since the company announcement of 13 November 2013 on the fourth phase of the share buy-back programme, the following transactions have been made under this third phase:
Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
13/11/2013 | 7,000 | 234.26 | 1,639,820 |
14/11/2013 | 6,500 | 233.78 | 1,519,570 |
15/11/2013 | 18,000 | 233.24 | 4,198,320 |
18/11/2013 | 6,000 | 234.23 | 1,405,380 |
19/11/2013 | 5,000 | 233.46 | 1,167,300 |
20/11/2013 | 5,500 | 233.27 | 1,282,985 |
21/11/2013 | 8,000 | 233.31 | 1,866,480 |
22/11/2013 | 9,000 | 232.98 | 2,096,820 |
25/11/2013 | 7,000 | 234.31 | 1,640,170 |
26/11/2013 | 3,699 | 236.38 | 874,370 |
27/11/2013 | 1,920 | 239.71 | 460,243 |
28/11/2013 | 2,000 | 245.10 | 490,200 |
29/11/2013 | 2,000 | 247.11 | 494,220 |
02/12/2013 | 2,200 | 254.10 | 559,020 |
03/12/2013 | 2,200 | 255.48 | 562,056 |
04/12/2013 | 2,200 | 252.00 | 554,400 |
05/12/2013 | 1,800 | 251.76 | 453,168 |
06/12/2013 | 2,000 | 256.24 | 512,480 |
09/12/2013 | 1,500 | 259.60 | 389,400 |
10/12/2013 | 1,500 | 261.70 | 392,550 |
11/12/2013 | 1,500 | 263.65 | 395,475 |
12/12/2013 | 2,000 | 260.66 | 521,320 |
13/12/2013 | 1,919 | 259.34 | 497,673 |
16/12/2013 | 1,800 | 259.21 | 466,578 |
17/12/2013 | 1,925 | 258.99 | 498,556 |
18/12/2103 | 1,900 | 257.92 | 490,048 |
19/12/2013 | 2,000 | 260.34 | 520,680 |
20/12/2013 | 1,700 | 265.19 | 450,823 |
23/12/2013 | 1,500 | 274.11 | 411,165 |
27/12/2013 | 1,800 | 282.62 | 508,716 |
30/12/2013 | 1,700 | 286.50 | 487,050 |
02/01/2014 | 1,800 | 288.28 | 518,904 |
03/01/2014 | 1,000 | 282.09 | 282,090 |
06/01/2014 | 900 | 284.40 | 255,960 |
07/01/2014 | 800 | 284.38 | 227,504 |
08/01/2014 | 1,400 | 281.13 | 393,582 |
09/01/2014 | 2,200 | 279.35 | 614,570 |
10/01/2014 | 1,000 | 273.91 | 273,910 |
13/01/2014 | 3,000 | 267.54 | 802,620 |
14/01/2014 | 1,200 | 266.19 | 319,428 |
Accumulated | 128,063 | 245.94 | 31,495,604 |
Since the fourth phase of the share buy-back programme was initiated on 13 November 2013, the total number of repurchased shares is 128,063 at a total amount of DKK 31,495,604.
With the transactions stated above, NORDEN holds a total of 2,242,312 treasury shares, corresponding to 5.2 %. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,757,688.
Kind regards,
Dampskibsselskabet NORDEN A/S
Carsten Mortensen
President & CEO
Further information:
Martin Badsted, Executive Vice President, tel.: +45 3315 0451
_______________________________________________________________________________
Dampskibsselskabet NORDEN A/S
52, Strandvejen
DK-2900 HELLERUP
CVR no. 67758919
www.ds-norden.com