Dampskibsselskabet NORDEN A/S - Weekly report on share buyback

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Dampskibsselskabet NORDEN A/S

_______________________________________________________________________________

                                                                                                                  Announcement no. 18

                                                                                                                             28 March 2011

 

 

Dampskibsselskabet NORDEN A/S – Weekly report on share buyback

 

On 25 January 2011, NORDEN initiated a share buyback programme in compliance with the EU Commission Regulation no. 2273/2003 of 22 December 2003, the so-called Safe Harbour method.

 

Under the programme, NORDEN will purchase treasury shares for DKK 170 million in the period from 25 January 2011 to 31 March 2011.

 

Since the announcement of 21 March 2011, the following transactions have been made under the share buyback programme:

 

       Date Number
of shares
Average
purchase price
Transaction
value (DKK)
       
21.03.2011 20,000 180.82 3,616,400
22.03.2011 20,000 180.99 3,619,800
23.03.2011 20,000 180.45 3,609,000
24.03.2011 9,000 182.84 1,645,560
25.03.2011 10,000 183.56 1,835,600
       
Accumulated 79,000 181.35 14,326,360

 

Since the share buyback programme was initiated on 25 January 2011, the total number of repurchased shares is 882,000 at a total amount of DKK 165,442,380.

With the transactions stated above, NORDEN holds a total of 3,369,696 treasury shares, corresponding to 7.56%. The total number of shares in NORDEN is 44.6 million. Adjusted for treasury shares, the number of shares is 41,230,304.

 

 

Kind regards,

Dampskibsselskabet NORDEN A/S

 

Carsten Mortensen

President & CEO

 

 

Contact at tel. +45 3315 0451: Martin Badsted, Senior Vice President.

_______________________________________________________________________________

 

Dampskibsselskabet NORDEN A/S

52, Strandvejen

DK-2900 HELLERUP

CVR no. 67758919

www.ds-norden.com