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

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Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 28

5 August 2013

 

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

On 15 May 2013, NORDEN initiated the second 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 will have a value of up to DKK 50 million and is expected to run until 13 August 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 15 May 2013 on the second phase of the share buy-back programme, the following transactions have been made under this second phase:

Date Number of shares Average purchase price (DKK) Transaction value (DKK)
15/05/2013 7,000 186.33 1,304,310
16/05/2013 6,000 189.76 1,138,560
17/05/2013 5,600 190.56 1,067,136
21/05/2013 6,000 189.58 1,137,480
22/05/2013 6,500 190.09 1,235,585
23/05/2013 7,000 186.26 1,303,820
24/05/2013 6,000 186.28 1,117,680
27/05/2013 5,700 187.45 1,068,465
28/05/2013 5,330 188.53 1,004,865
29/05/2013 6,553 186.31 1,220,889
30/05/2013 7,000 185.72 1,300,040
31/05/2013 6,500 185.28 1,204,320
03/06/2013 7,500 184.83 1,386,225
04/06/2013 6,800 186.20 1,266,160
06/06/2013 9,000 183.68 1,653,120
07/06/2013 6,700 183.22 1,227,574
10/06/2013 9,299 184.46 1,715,294
11/06/2013 7,000 182.74 1,279,180
12/06/2013 8,528 180.26 1,537,257
13/06/2013 10,500 178.02 1,869,210
14/06/2013 12,000 180.47 2,165,640
17/06/2013 7,007 184.20 1,290,689
18/06/2013 2,700 187.77 506,979
19/06/2013 2,500 187.35 468,375
20/06/2013 3,000 186.59 559,770
21/06/2013 2,700 186.85 504,495
24/06/2013 6,800 183.56 1,248,208
25/06/2013 2,000 186.04 372,080
26/06/2013 3,000 186.58 559,740
27/06/2013 1,300 188.68 245,284
28/06/2013 2,800 193.31 541,268
01/07/2013 2,700 195.58 528,066
02/07/2013 2,500 197.00 492,500
03/07/2013 2,700 193.86 523,422
04/07/2013 2,900 196.79 570,691
05/07/2013 2,500 198.46 496,150
08/07/2013 2,600 198.67 516,542
09/07/2013 2,500 198.49 496,225
10/07/2013 2,700 198.40 535,680
11/07/2013 2,400 200.60 481,440
12/07/2013 2,000 202.36 404,720
15/07/2013 2,500 202.81 507,025
16/07/2013 2,400 201.96 484,704
17/07/2013 2,000 200.34 400,680
18/07/2013 2,400 202.59 486,216
19/07/2013 2,000 203.16 406,320
22/07/2013 2,500 203.38 508,450
23/07/2013 1,600 203.82 326,112
24/07/2013 2,500 204.67 511,675
25/07/2013 2,400 205.75 493,800
26/07/2013 2,500 204.05 510,125
29/07/2013 2,600 206.11 535,886
30/07/2013 1,708 207.99 355,247
31/07/2013 2,575 207.00 533,025
01/08/2013 1,900 206.83 392,977
02/08/2013 2,500 209.23 523,075
       
Accumulated 245,900 189.18 46,520,451

Since the second phase of the share buy-back programme was initiated on 15 May 2013, the total number of repurchased shares is 245,900 at a total amount of DKK 46,520,451.

With the transactions stated above, NORDEN holds a total of 2,076,932 treasury shares, corresponding to 4.8%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,923,068.

 

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