ANNOUNCEMENT NO. 14 - 12 NOVEMBER 2018
On 8 November 2018, 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 8 November 2018 up to and including no later than 28 February 2019.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 66 million).
Since the company announcement of 8 November 2018 on the share buy-back programme, the following transactions have been made under this third phase:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| 8/11/2018 | 13,000 | 99.160 | 1,289,080 |
| 9/11/2018 | 14,000 | 96.770 | 1,354,780 |
| Accumulated | 27,000 | 97.920 | 2,643,860 |
Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 27,000 at a total amount of DKK 2,643,860.
With the transactions stated above, NORDEN holds a total of 1,759,385 treasury shares, corresponding to 4.17%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 40,440,615.
Kind regards
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Nicolai Bro Jöhncke, Head of Corporate Communications & CSR, tel.: +45 3315 0451
About NORDEN
Founded in 1871 Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on Nasdaq Copenhagen. NORDEN operates a mix of owned and chartered tonnage. In dry cargo, NORDEN is active in a number of vessel types and is one of the world’s largest operators of Supramax and Panamax vessels. In tankers, NORDEN is primarily active in the Handysize and MR product tanker vessel types operated through the 50% owned Norient Product Pool.
| Dampskibsselskabet NORDEN A/S · 52, Strandvejen, DK-2900 Hellerup, Denmark · www.ds-norden.com · CVR NO. 67758919 |
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