Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back

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Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 45

2 October 2013

Dampskibsselskabet NORDEN A/S – Weekly report on share buy-back

On 14 August 2013, NORDEN initiated the third 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 will have a value of up to DKK 50 million and is expected to run until 12 November 2013. The following phases, which may bring the value of the total share buy-back up to a total of USD 30 million, are expected to be decided upon and announced in connection with publication of the Company’s interim reports.

Since the company announcement of 14 August 2013 on the third 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)
14/08/2013 6,100 203.04 1,238,544
15/08/2013 6,000 203.21 1,219,260
16/08/2013 6,500 203.18 1,320,670
19/08/2013 7,000 202.86 1,420,020
20/08/2013 7,000 199.98 1,399,860
21/08/2013 6,500 201.32 1,308,580
22/08/2013 6,000 202.98 1,217,880
23/08/2013 4,906 205.33 1,007,349
26/08/2013 4,000 204.08 816,320
27/08/2013 7,000 200.36 1,402,520
28/08/2013 6,000 199.13 1,194,780
29/08/2013 8,000 200.36 1,602,880
30/08/2013 9,000 199.72 1,797,480
02/09/2013 8,000 200.29 1,602,320
03/09/2013 6,000 200.01 1,200,060
04/09/2013 6,500 202.62 1,317,030
05/09/2013 2,950 207.95 613,453
06/09/2013 2,000 216.93 433,860
09/09/2013 2,200 221.34 486,948
10/09/2013 2,800 225.03 630,084
11/09/2013 2,000 228.91 457,820
12/09/2013 2,600 234.61 609,986
13/09/2013 2,700 230.76 623,052
16/09/2013 1,000 231.22 231,220
17/09/2013 1,000 223.68 223,680
18/09/2013 1,000 226.84 226,840
19/09/2013 1,200 228.45 274,140
20/09/2013 1,400 228.34 319,676
23/09/2013 1,500 229.11 343,665
24/09/2013 1,000 230.51 230,510
25/09/2013 1,400 232.46 325,444
26/09/2013 2,000 232.56 465,120
27/09/2013 900 234.47 211,023
30/09/2013 1,200 232.26 278,712
01/10/2013 1,400 233.10 326,340
       
Accumulated 136,756 207.50 28,377,125

Since the third phase of the share buy-back programme was initiated on 14 August 2013, the total number of repurchased shares is 136,756 at a total amount of DKK 28,377,125.

With the transactions stated above, NORDEN holds a total of 2,177,447 treasury shares, corresponding to 5.1%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,822,553.

 

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