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

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Dampskibsselskabet NORDEN A/S

______________________________________________________________________________

Announcement no. 7

12 February 2014

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
04/12/2013 2,200 252.00 554,400
05/12/2013 1,800 251.76 453,168
06/12/2013 2,000 256.24 512,480
09/12/2013 1,500 259.60 389,400
10/12/2013 1,500 261.70 392,550
11/12/2013 1,500 263.65 395,475
12/12/2013 2,000 260.66 521,320
13/12/2013 1,919 259.34 497,673
16/12/2013 1,800 259.21 466,578
17/12/2013 1,925 258.99 498,556
18/12/2103 1,900 257.92 490,048
19/12/2013 2,000 260.34 520,680
20/12/2013 1,700 265.19 450,823
23/12/2013 1,500 274.11 411,165
27/12/2013 1,800 282.62 508,716
30/12/2013 1,700 286.50 487,050
02/01/2014 1,800 288.28 518,904
03/01/2014 1,000 282.09 282,090
06/01/2014 900 284.40 255,960
07/01/2014 800 284.38 227,504
08/01/2014 1,400 281.13 393,582
09/01/2014 2,200 279.35 614,570
10/01/2014 1,000 273.91 273,910
13/01/2014 3,000 267.54 802,620
14/01/2014 1,200 266.19 319,428
15/01/2014 1,800 271.18 488,124
16/01/2014 1,500 274.14 411,210
17/01/2014 1,500 279.86 419,790
20/01/2014 1,500 280.21 420,315
21/01/2014 1,700 281.84 479,128
22/01/2014 1,800 278.03 500,454
23/01/2014 1,825 276.78 505,124
24/01/2014 2,500 270.41 676,025
27/01/2014 3,000 259.82 779,460
28/01/2014 2,100 261.02 548,142
29/01/2014 2,000 260.62 521,240
30/01/2014 2,100 260.24 546,504
31/01/2014 2,000 261.91 523,820
03/02/2014 1,800 262.18 471,924
04/02/2014 2,000 256.71 513,420
05/02/2014 1,900 257.16 488,604
06/02/2014 2,000 256.78 513,560
07/02/2014 2,200 256.68 564,696
10/02/2014 2,100 258.16 542,136
11/02/2014 2,000 267.20 534,400
       
Accumulated 167,388 250.58 41,943,680

Since the fourth phase of the share buy-back programme was initiated on 13 November 2013, the total number of repurchased shares is 167,388 at a total amount of DKK 41,943,680.

With the transactions stated above, NORDEN holds a total of 2,281,637 treasury shares, corresponding to 5.3 %. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,718,363.

 

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