ANNOUNCEMENT NO. 21 - 3 DECEMBER 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:

DateNumber of sharesAverage purchase price (DKK)Transaction value (DKK)

 
Total, last announcement 

147,500
 

101.90
 

15,030,040
25/11/20198,000107.62860,960
26/11/20198,000106.69853,520
27/11/20197,000105.17736,190
28/11/20198,000103.99831,920
29/11/201910,000103.311,033,100
Accumulated188,500102.6319,345,730

Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 188,500 at a total amount of DKK 19,345,730.

With the transactions stated above, NORDEN holds a total of 2,729,467 treasury shares, corresponding to 6.47%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,470,533.

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

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