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

ANNOUNCEMENT NO. 24 - 16 DECEMBER 2019On 7 November 2019, 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 7 November 2019 up to and including no later than 28 February 2020. For details please see announcement no. 17 of 6 November 2019.Under the share buy-back programme,...

ANNOUNCEMENT NO. 24 - 16 DECEMBER 2019

On 7 November 2019, 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 7 November 2019 up to and including no later than 28 February 2020. For details please see announcement no. 17 of 6 November 2019.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 67 million). Under the programme the following transactions have been made:

Date	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Total, last announcement	237,500	102.87	24,432,020
9/12/2019	10,000	103.83	1,038,300
10/12/2019	9,000	102.73	924,570
11/12/2019	10,000	103.33	1,033,300
12/12/2019	10,000	103.40	1,034,000
13/12/2019	8,000	104.27	834,160
Accumulated	284,500	102.97	29,296,350

Since the share buy-back programme was initiated on 7 November 2019, the total number of repurchased shares is 284,500 at a total amount of DKK 29,296,350.

With the transactions stated above, NORDEN holds a total of 2,825,467 treasury shares, corresponding to 6.70%. The total number of shares in NORDEN is 42,200,000 million. Adjusted for treasury shares, the number of shares is 39,374,533.

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

Attachments

• No 24 Weekly report on share buy-back
• Appendix