Attached please find below text as PDF file.
Dampskibsselskabet ”NORDEN” A/S
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The Copenhagen Stock Exchange Announcement No. 7
Nikolaj Plads 6 28 March 2007
DK-1067 Copenhagen K Page 1 of 1
TORM's shareholding in NORDEN
According to the stock announcement made yesterday by A/S Dampskibsselskabet
TORM (TORM), TORM has decided to conduct a book building with the intention to
sell TORM's shareholding in Dampskibsselskabet “NORDEN” A/S (NORDEN). According
to the registration in the register of shareholders, TORM owns 752,330 shares in
NORDEN equivalent to 32.7% of NORDEN's nominal share capital.
NORDEN's Board of Directors has a positive view of the possibility to achieve a
broader circle of owners and a more liquid share which TORM's book building
implies. Provided that the pricing is satisfactory, NORDEN intends to take part
in TORM's book building and purchase an addition of up to 2% of the share
capital by which NORDEN's holding of treasury shares will amount to a total of
7.9% of the total share capital. If the book building is concluded after
NORDEN's annual general meeting on 25 April 2007, it is also a condition that
the general meeting renews the Board's authorisation to purchase treasury
shares.
Kind regards
Dampskibsselskabet ”NORDEN” A/S
Mogens Hugo Jørgensen
Chairman
Contact person: Mogens Hugo Jørgensen, Chairman, tel. +45 33 15 04 51.
This document or copy hereof must not be directly or indirectly conveyed,
forwarded or distributed to or in the United States, Canada, Australia or Japan
or in any jurisdiction in which such forwarding or distribution is illegal.
Failure to comply with this limitation may constitute a violation of the
American, Canadian, Australian or Japanese securities legislation or the
securities legislation in other countries.
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Dampskibsselskabet ”NORDEN” A/S
49, Amaliegade
DK-1256 COPENHAGEN K
www.ds-norden.com
