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

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Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 61

4 December 2013

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

On 13 November 2013, NORDEN initiated the fourth phase of a share buy-back programme in accordance with EU Commission Regulation no. 2273/2003 (the Safe Harbor method), which ensures that the Company is protected against violation of insider legislation during the share buy-back.

Under the share buy-back programme, NORDEN will purchase treasury shares for up to a total of USD 30 million (approximately DKK 170 million). The first phase of the share buy-back programme ran from 8 April 2013 to 6 May 2013 and had a value of DKK 20 million. The second phase of the share buy-back programme ran from 15 May 2013 to 13 August 2013 and had a value of DKK 50 million. The third phase of the share buy-back programme ran from 14 August 2013 to 12 November 2013 and had a value of DKK 50 million. The fourth phase of the share buy-back programme will have a value of up to DKK 50 million and is expected to run until 4 March 2014. This fourth phase should bring the value of the total share buy-back up to a total of USD 30 million.

Since the company announcement of 13 November 2013 on the fourth phase of the share buy-back programme, the following transactions have been made under this third phase: 

Date Number
of shares
Average
purchase price (DKK)
Transaction
value (DKK)
13/11/2013 7,000 234.26 1,639,820
14/11/2013 6,500 233.78 1,519,570
15/11/2013 18,000 233.24 4,198,320
18/11/2013 6,000 234.23 1,405,380
19/11/2013 5,000 233.46 1,167,300
20/11/2013 5,500 233.27 1,282,985
21/11/2013 8,000 233.31 1,866,480
22/11/2013 9,000 232.98 2,096,820
25/11/2013 7,000 234.31 1,640,170
26/11/2013 3,699 236.38 874,370
27/11/2013 1,920 239.71 460,243
28/11/2013 2,000 245.10 490,200
29/11/2013 2,000 247.11 494,220
02/12/2013 2,200 254.10 559,020
03/12/2013 2,200 255.48 562,056
       
Accumulated 86,019 235.49 20,256,954

Since the fourth phase of the share buy-back programme was initiated on 13 November 2013, the total number of repurchased shares is 86,019 at a total amount of DKK 20,256,954.

With the transactions stated above, NORDEN holds a total of 2,220,759 treasury shares, corresponding to 5.2%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,779,241.

 

Kind regards,

Dampskibsselskabet NORDEN A/S

Carsten Mortensen

President & CEO

 

Further information:

Martin Badsted, Executive Vice President, tel.: +45 3315 0451

_______________________________________________________________________________

Dampskibsselskabet NORDEN A/S

52, Strandvejen

DK-2900 HELLERUP

CVR no. 67758919

www.ds-norden.com