ANNOUNCEMENT NO. 63 - 5 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:

DateNumber of sharesAverage purchase price (DKK)Transaction value (DKK)

 
Total, last announcement 

398,000		 

95.85		 

38,148,920
28/9/20203,00093.46302,790
29/9/20203,00094.21305,670
30/9/20203,00099.16305,520
1/10/20204,00098.92417,080
2/10/20204,00099.28417,760
Accumulated415,00096.1439,897,740

Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 415,000 at a total amount of DKK 39,887,740.

With the transactions stated above, NORDEN holds a total of 2,124,367 treasury shares, corresponding to 5.22%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,575,633.

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

Attachments

  • No 63 Weekly report on share buy-back
  • Appendix

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