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:
Number of shares
Average purchase price (DKK)
Transaction value (DKK)
Total, last announcement
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.
Dampskibsselskabet NORDEN A/S
For further information:
Klaus Nyborg, Chairman, tel.: +45 3315 0451
Anne-Louise Dam-Rasmussen, Head of Communications, tel.: +45 3273 0624