Dampskibsselskabet NORDEN A/S – Final weekly report on share buy-back

Dampskibsselskabet NORDEN A/S
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ANNOUNCEMENT NO. 85 - 29 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:

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

Total, last announcement



591,000



97.12



57,397,226

26/10/2020

20,000

91.38

1,827,600

27/10/2020

20,000

91.90

1,838,000

28/10/2020

19,100

90.64

1,731,224

Accumulated

650,100

96.59

62,794,050

Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 650,100 at a total amount of DKK 62,794,050, and the share buy-back programme is thus completed

With the transactions stated above, NORDEN holds a total of 2,359,467 treasury shares, corresponding to 5.80%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,340,533.

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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