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

Dampskibsselskabet NORDEN A/S
·2-min read

ANNOUNCEMENT NO. 50 - 21 SEPTEMBER 2020

On 19 August 2020, NORDEN initiated a share buy-back programme in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buy-back programme runs from 19 August 2020 up to and including no later than end-October 2020. For details please see announcement no. 21 of 19 August 2020.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 63 million). Under the programme, the following transactions have been made:

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

Total, last announcement



279,000



95.94



26,766,180

14/9/2020

17,000

95.15

1,617,550

15/9/2020

15,000

96.43

1,446,450

16/9/2020

14,000

96.05

1,344,700

17/9/2020

14,000

96.30

1,348,200

18/9/2020

14,000

95.73

1,340,220

Accumulated

353,000

95.93

33,863,300

Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 353,000 at a total amount of DKK 33,863,300.

With the transactions stated above, NORDEN holds a total of 2,062,300 treasury shares, corresponding to 5.07%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,637,633.

Kind regards

Dampskibsselskabet NORDEN A/S

Klaus Nyborg

Chairman

For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Anne-Louise Dam-Rasmussen, Head of Communications, tel.: +45 3273 0624

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