DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK
ANNOUNCEMENT NO. 8 – 11 JANUARY 2021
On 4 November 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 4 November 2020 up to and including no later than end February 2021. For details please see announcement no. 87 of 4 November 2020.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 20 million (approximately DKK 126 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK)
|
| Total, last announcement |
535,000 |
110.19 |
58,953,158 |
| 4/1/2021 | 12,000 | 112.44 | 1,349,280 |
| 5/1/2021 | 12,000 | 113.74 | 1,364,880 |
| 6/1/2021 | 13,000 | 112.99 | 1,468,870 |
| 7/1/2021 | 14,000 | 113.91 | 1,594,740 |
| 8/1/202 | 13,000 | 115.67 | 1,503,710 |
| Accumulated | 599,000 | 110.58 | 66,234,638 |
Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 599,000 at a total amount of DKK 66,234,638.
With the transactions stated above, NORDEN holds a total of 2,958,467 treasury shares, corresponding to 7.27%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 37,741,533.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
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