ANNOUNCEMENT NO. 19 - 18 NOVEMBER 2019
On 7 November 2019, NORDEN initiated a share buy-back programme in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buy-back programme runs from 7 November 2019 up to and including no later than 28 February 2020. For details please see announcement no. 17 of 6 November 2019.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 67 million). Under the programme the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 28,500 | 100.030 | 2,850,830 |
| 11/11/2019 | 14,500 | 100.200 | 1,452,900 |
| 12/11/2019 | 14,000 | 100.270 | 1,403,780 |
| 13/11/2019 | 13,500 | 100.860 | 1,361,610 |
| 14/11/2019 | 13,000 | 100.460 | 1,305,980 |
| 15/11/2019 | 14,000 | 101.130 | 1,415,820 |
| Accumulated | 97,500 | 100.305 | 9,790,920 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 97,500 at a total amount of DKK 9,790,920.
With the transactions stated above, NORDEN holds a total of 2,638,467 treasury shares, corresponding to 6.25%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,561,533.
Kind regards
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Anne-Louise Dam-Rasmussen, Head of Communications, tel.: +45 3273 0624
Attachment
