Dampskibsselskabet NORDEN A/S - Weekly report on share buyback

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Dampskibsselskabet NORDEN A/S

_______________________________________________________________________________

 

                                                                                                                       Announcement no. 8

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

 

 

Date Number
of shares
Average
purchase price
Transaction
value (DKK)
       
07.02.2011 16,000 188.43 3,014,880
08.02.2011 16,000 191.39 3,062,240
09.02.2011 16,000 193.01 3,088,160
10.02.2011 20,000 191.87 3,837,400
11.02.2011 20,000 196.26 3,925,200
       
Accumulated 88,000 192.36 16,927,880

 

Since the share buyback programme was initiated on 25 January 2011, the total number of repurchased shares is 253,000 at a total amount of DKK 47,523,830.

 

With the transactions stated above, NORDEN holds a total of 2,777,052 treasury shares, corresponding to 6.23%. The total number of shares in NORDEN is 44.6 million. Adjusted for treasury shares, the number of shares is 41.8 million.

 

                                                                                  Kind regards,

                                                                Dampskibsselskabet NORDEN A/S

 

                                                                      Michael Tønnes Jørgensen

                                                                  Executive Vice President & CFO

 

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