ANNOUNCEMENT NO. 3 - 20 JANUARY 2020
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 | 432,500 | 102.86 | 44,487,230 |
| 13/1/2020 | 11,000 | 100.17 | 1,101,870 |
| 14/1/2020 | 12,000 | 99.47 | 1,193,640 |
| 15/1/2020 | 12,000 | 98.36 | 1,180,320 |
| 16/1/2020 | 12,000 | 98.27 | 1,179,240 |
| 17/1/2020 | 12,000 | 98.52 | 1,182,240 |
| Accumulated | 491,500 | 102.39 | 50,324,540 |
Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 491,500 at a total amount of DKK 50,324,540.
With the transactions stated above, NORDEN holds a total of 3,032,467 treasury shares, corresponding to 7.19%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,167,533.
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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