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Announcement no. 31
24 June 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. The total share buy-back now amounts to USD 10 million (DKK 54.2 million), and the share buy-back programme is thus completed.
Since the company announcement of 14 May 2014 initiating the share buy-back programme, the following transaction have been made:
purchase price (DKK)
Since the share buy-back programme was initiated on 15 May 2014, the total number of repurchased shares is 264,305 at a total amount of DKK 51,198,248, and the share buy-back programme is thus completed.
With the transactions stated above, NORDEN holds a total 2,539,945 treasury shares, corresponding to 5.9%. The total number of shares in NORDEN is 43 million. Adjusted for treasury shares, the number of shares is 40,460,055.
Dampskibsselskabet NORDEN A/S
Michael Tønnes Jørgensen
Executive Vice President & CFO
Further information: Michael Tønnes Jørgensen, Executive Vice President & CFO, and Nicolai Bro Jöhncke, Head of Corporate Communications, tel. +45 3315 0451.
DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO. 67758919