S – Weekly report on share buy-back

DGAP-News: D/S Norden /

24.06.2014 / 14:13

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Attached please find below text as PDF file.

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                                                             Announcement no. 31

                                                                    24 June 2014

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

On 15 May 2014, NORDEN initiated a share buy-back programme in accordance with
EU Commission Regulation no. 2273/2003 (the Safe Harbor method), which ensures
that the Company is protected against violation of insider legislation during
the share buy-back. 

Under the share buy-back programme, NORDEN will purchase treasury shares for up
to a total of USD 10 million (approximately DKK 54 million). The share buy-back
programme runs until 12 August 2014 at the latest. The total share buy-back now
amounts to USD 10 million (DKK 54.2 million), and the share buy-back programme
is thus completed. 

Since the company announcement of 14 May 2014 initiating the share buy-back
programme, the following transaction have been made: 

Date              Number               Average  Transaction
               of shares  purchase price (DKK)  value (DKK)
15/05/2014         6,655                214.83    1,429,694
19/05/2014        10,000                214.93    2,149,300
20/05/2014         9,900                216.28    2,141,172
21/05/2014        13,000                213.53    2,775,890
22/05/2014        10,000                214.41    2,144,100
23/05/2014        10,000                214.44    2,144,400
26/05/2014         7,000                216.33    1,514,310
27/05/2014         7,500                218.45    1,638,375
28/05/2014         8,000                218.43    1,747,440
02/06/2014         6,000                216.99    1,301,940
03/06/2014         7,000                214.42    1,500,940
04/06/2014        12,000                211.19    2,534,280
06/06/2014         3,500                215.96      755,860
10/06/2014         7,000                217.76    1,524,320
11/06/2014         7,000                214.85    1,503,950
12/06/2014         5,500                213.34    1,173,370
13/06/2014        14,000                209.26    2,929,640
16/06/2014        15,000                203.68    3,055,200
17/06/2014        17,000                195.41    3,321,970
18/06/2014        30,000                190.20    5,706,000
19/06/2014        15,000                191.07    2,866,050
20/06/2014        15,000                192.84    2,892,600
23/06/2014        28,250                192.83    5,447,448
Accumulated      264,305                205.06   54,198,248

Since the share buy-back programme was initiated on 15 May 2014, the total
number of repurchased shares is 264,305 at a total amount of DKK 51,198,248,
and the share buy-back programme is thus completed. 

With the transactions stated above, NORDEN holds a total 2,539,945 treasury
shares, corresponding to 5.9%. The total number of shares in NORDEN is 43
million. Adjusted for treasury shares, the number of shares is 40,460,055. 



                                  Kind regards,

                          Dampskibsselskabet NORDEN A/S

                            Michael Tønnes Jørgensen

                     Executive Vice President & CFO

                                        

Further information: Michael Tønnes Jørgensen, Executive Vice President & CFO,
and Nicolai Bro Jöhncke, Head of Corporate Communications, tel. +45 3315 0451. 

________________________________________________________________________________

    DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO.
                                    67758919
News Source: NASDAQ OMX


End of Corporate News

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Language:    English       
Company:     D/S Norden    
 
 
             Denmark       
ISIN:        DK0060083210  
 
 
End of News    DGAP News-Service  
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