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

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Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 13

6 May 2013

 

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

On 8 April 2013, NORDEN initiated 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 value of the first phase of the share buy-back programme will be up to DKK 20 million, and the first phase is expected to run until 14 May 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 and announced in connection with publication of the Company's interim reports.

Since the company announcement of 5 April 2013, the following transactions have been made under the share buy-back programme:

Date Number
of shares
Average
purchase price (DKK)
Transaction
value (DKK)
08/04/2013 8,000 182.88 1,463,040
09/04/2013 7,000 180.80 1,265,600
10/04/2013 7,400 182.97 1,353,978
11/04/2013 6,900 183.85 1,268,565
12/04/2013 7,000 182.71 1,278,970
15/04/2013 7,100 182.69 1,297,099
16/04/2013 4,000 184.66 738,640
17/04/2013 3,900 181.58 708,162
18/04/2013 14,942 179.33 2,679,549
19/04/2013 7,192 179.55 1,291,324
22/04/2013 9,418 180.57 1,700,608
23/04/2013 9,000 179.31 1,613,790
24/04/2013 0 - -
25/04/2013 9,000 178.56 1,607,040
29/04/2013 9,800 176.90 1,733,620
       
Accumulated 110,652 180.75 19,999,985

Since the share buy-back programme was initiated on 8 April 2013, the total number of repurchased shares is 110,652 at a total amount of DKK 19,999,985. The first phase of the share buy-back programme is thus completed.

With the transactions stated above, NORDEN holds a total of 1,831,032 treasury shares, corresponding to 4.3%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 41,168,968.

 

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