Attached please find below text as PDF file. Dampskibsselskabet NORDEN A/S _______________________________________________________________________________ NASDAQ OMX Copenhagen A/S Announcement no. 9 Nikolaj Plads 6 10 March 2009 1067 Copenhagen K Dampskibsselskabet NORDEN A/S Statement of D/S NORDENs Leading Employees' and Elected Employee Representatives' as well as Their Closely Related Parties' Transactions with D/S NORDEN A/S's Shares and Related Securities As reported today in NORDEN's annual report, NORDEN has established an share option programme for leading employees and other key employees, in total 56 employees. Each share option entitles the recipient to acquire one share denominated DKK 1 in NORDEN. This year, the programme has been reduced to 0.85% of the share capital (against 1% in previous years) and the exercise period as well as the period before exercise can take place has been extended from 2 to 3 years. The share options may thus be exercised in the period from 10 March 2012 to 10 March 2015. The exercise price of the options is determined as the five-day average of the market price following 10 March 2009, less all dividend payments after 10 March 2009 and plus an effective interest rate of 8% p.a. until any exercise. These are the same conditions which apply to the option programme the Company established for 50 employees in March 2008. According to section 28A of the Danish Securities Trading Act, the Company shall report the following information about the Company's Senior Executives' and their families' transactions with the Company's shares and relevant securities: Name: Carsten Mortensen Occasion: President & CEO Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 66,006 Market value of underlying shares in DKK: 11,650,059 Holding after the transaction: 16,644 shares and 233,226 options Name: Michael Tønnes Jørgensen Occasion: Executive Vice President & CFO Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 36,003 Market value of underlying shares in DKK: 6,354,530 Holding after the transaction: 0 shares and 36,003 options Name: Lars Bagge Christensen Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 23,042 Market value of underlying shares in DKK: 4,066,913 Holding after the transaction: 2,464 shares and 84,982 options Name: Peter Borup Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 18,722 Market value of underlying shares in DKK: 3,304,433 Holding after the transaction: 224 shares and 60,062 options Name: Lars Lundegaard Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 14,401 Market value of underlying shares in DKK: 2,541,777 Holding after the transaction: 344 shares and 54,521 options Name: Kristian Wærness Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 12,961 Market value of underlying shares in DKK: 2,287,617 Holding after the transaction: 344 shares and 46,341 options Name: Martin Badsted Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 12,721 Market value of underlying shares in DKK: 2,245,257 Holding after the transaction: 1,344 shares and 43,021 options Name: Vibeke Schneidermann Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 10,561 Market value of underlying shares in DKK: 1,864,017 Holding after the transaction: 344 shares and 22,821 options Name: Peter Norborg Occasion: Senior Vice President Issuer: Dampskibsselskabet NORDEN A/S ISIN code: DK0010269844 Description: Shares Transaction: Allotment of share options Commercial date: 10 March 2009 Market: NASDAQ OMX Copenhagen A/S Numbers: 26,402 Market value of underlying shares in DKK: 4,659,953 Holding after the transaction: 344 shares and 74,242 options The theoretical Black-Scholes value of each of the options is DKK 40.24 based on the price of the shares of the Company as per close on Monday 9 March. The value is an estimate as the exercise price will be determined as the five-day average of the market price from 10 March 2009. The estimated value is calculated based on the following assumptions: that all options are exercised at the earliest time possible, a volatility of 56.3%, an annual dividend rate of DKK 10 per share and a risk free interest rate of 2.34%. Kind regards, Dampskibsselskabet NORDEN A/S Michael Tønnes Jørgensen Executive Vice President & CFO Contact at tel. +45 3315 0451: Executive Vice President & CFO Michael Tønnes Jørgensen. _______________________________________________________________________________ Dampskibsselskabet NORDEN A/S 52, Strandvejen DK-2900 HELLERUP www.ds-norden.com
Statement of Leading Employees' and Elected Employee Representatives' as well as Their Closely Related Parties' Transactions with NORDEN Shares and Related Securities
| Source: Dampskibsselskabet NORDEN A/S