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

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Announcement no. 24

26 May 2014

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

On 15 May 2014, NORDEN initiated 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 10 million (approximately DKK 54 million). The share buy-back programme runs until 12 August 2014 at the latest.

Since the company announcement of 14 May 2014 initiating the share buy-back programme, the following transactions have been made:

Date Number
of shares
Average
purchase price (DKK)
Transaction
value (DKK)
15/05/2014 6,655 214.83 1,429,694
19/05/2014 10,000 214.93 2,149,300
20/05/2014 9,900 216.28 2,141,172
21/05/2014 13,000 213.53 2,775,890
22/05/2014 10,000 214.41 2,144,100
23/05/2014 10,000 214.44 2,144,400
       
Accumulated 59,555 214.67 12,784,556

Since the share buy-back programme was initiated on 15 May 2014, the total number of repurchased shares is 59,555 at a total amount of DKK 12,784,556.

With the transactions stated above, NORDEN holds a total of 2,335,195 treasury shares, corresponding to 5.4%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,664,805.

Kind regards,

Dampskibsselskabet NORDEN A/S

Carsten Mortensen

President & CEO

 

Further information: Michael Tønnes Jørgensen, Executive Vice President & CFO, and Nicolai Bro Jöhncke, Head of Corporate Communications, tel. +45 3315 0451.

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DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO. 67758919