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