Dampskibsselskabet NORDEN A/S - Weekly report on share buyback

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Dampskibsselskabet NORDEN A/S

_______________________________________________________________________________

 

 

                                                                                                                     Announcement no. 12

                                                                                                                                  7 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 28 February 2011, the following transactions have been made under the share buyback programme:

 

 

Date Number
of shares
Average
purchase price
Transaction
value (DKK)
       
28.02.2011 20,000 193.16 3,863,200
01.03.2011 20,000 192.88 3,857,600
02.03.2011 25,000 186.67 4,666,750
03.03.2011 25,000 186.62 4,665,500
04.03.2011 20,000 186.69 3,733,800
       
Accumulated 110,000 188.97 20,786,700

Since the share buyback programme was initiated on 25 January 2011, the total number of repurchased shares is 563,000 at a total amount of DKK 107,637,530.

With the transactions stated above, NORDEN holds a total of 3,050,696 treasury shares, corresponding to 6.84%. The total number of shares in NORDEN is 44.6 million. Adjusted for treasury shares, the number of shares is 41,549,304 million.

 

 

                                                                      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