DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK

DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK




DAMPSKIBSSELSKABET NORDEN A/S – WEEKLY REPORT ON SHARE BUY-BACK

ANNOUNCEMENT NO. 94 – 16 NOVEMBER 2020

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  

34,000

 

103.34

 

3,513,560

09/11/2020 17,000 103.75 1,763,750
10/11/2020 17,000 104.11 1,769,870
11/11/2020 17,000 104.97 1,784,490
12/11/2020 18,000 105.28 1,895,040
13/11/2020 18,000 105.70 1,902,600
Accumulated 121,000 104.37 12,629,310

Since the share buy-back programme was initiated on 4 November 2020, the total number of repurchased shares is 121,000 at a total amount of DKK 12,629,310.

With the transactions stated above, NORDEN holds a total of 2,480,467 treasury shares, corresponding to 6.09%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,219,533.

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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