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

ANNOUNCEMENT NO. 75 - 19 OCTOBER 2020On 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...

ANNOUNCEMENT NO. 75 - 19 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	456,000	96.95	44,207,080
12/10/2020	8,000	104.58	836,640
13/10/2020	9,000	102.46	922,140
14/10/2020	9,000	101.40	912,600
15/10/2020	9,000	101.09	909,786
16/10/2020	9,000	100.97	908,730
Accumulated	500,000	97.39	48,696,976

Since the share buy-back programme was initiated on 19 August 2020, the total number of repurchased shares is 500,000 at a total amount of DKK 48,696,976.

With the transactions stated above, NORDEN holds a total of 2,209,367 treasury shares, corresponding to 5.43%. The total number of shares in NORDEN is 40,700,000 million. Adjusted for treasury shares, the number of shares is 38,490,633.

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 75 Weekly report on share buy-back
• Appendix