Dampskibsselskabet NORDEN A/S - Weekly report on share buy-back
ANNOUNCEMENT NO. 56 - 28 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 | 353,000 |
95.93 |
33,863,300 |
| 21/9/2020 | 17,000 | 93.46 | 1,588,820 |
| 22/9/2020 | 16,000 | 94.21 | 1,507,360 |
| 23/9/2020 | 4,000 | 99.16 | 396,640 |
| 24/9/2020 | 4,000 | 98.92 | 395,680 |
| 25/9/2020 | 4,000 | 99.28 | 397,120 |
| Accumulated | 398,000 | 95.85 | 38,148,920 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 398,000 at a total amount of DKK 38,148,920.
With the transactions stated above, NORDEN holds a total of 2,107,367 treasury shares, corresponding to 5.18%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,592,633.
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
Attachments
No 56 Weekly report on share buy-back Appendix
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