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:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 147,500 | 101.90 | 15,030,040 |
| 25/11/2019 | 8,000 | 107.62 | 860,960 |
| 26/11/2019 | 8,000 | 106.69 | 853,520 |
| 27/11/2019 | 7,000 | 105.17 | 736,190 |
| 28/11/2019 | 8,000 | 103.99 | 831,920 |
| 29/11/2019 | 10,000 | 103.31 | 1,033,100 |
| Accumulated | 188,500 | 102.63 | 19,345,730 |
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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