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

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Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 21

24 June 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 buyback.

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
       
Accumulated 170,417 185.04 31,533,119

Since the second phase of the share buy-back programme was initiated on 15 May 2013, the total number of repurchased shares is 170,417 at a total amount of DKK 31,533,119.

With the transactions stated above, NORDEN holds a total of 2,001,449 treasury shares, corresponding to 4.7%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,998,551.

 

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