ANNOUNCEMENT NO. 85 - 29 OCTOBER 2020
On 19 August 2020, 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 19 August 2020 up to and including no later than end-October 2020. For details please see announcement no. 21 of 19 August 2020.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 63 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 591,000 | 97.12 | 57,397,226 |
| 26/10/2020 | 20,000 | 91.38 | 1,827,600 |
| 27/10/2020 | 20,000 | 91.90 | 1,838,000 |
| 28/10/2020 | 19,100 | 90.64 | 1,731,224 |
| Accumulated | 650,100 | 96.59 | 62,794,050 |
Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 650,100 at a total amount of DKK 62,794,050, and the share buy-back programme is thus completed
With the transactions stated above, NORDEN holds a total of 2,359,467 treasury shares, corresponding to 5.80%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,340,533.
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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