- ISIN DK0060083210
D/S Norden
Statement of leading employees’ and employee-elected board members’ transactions in NORDEN shares and related securities
D/S Norden
12.03.2015 13:51
Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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________________________________________________________________________________
Announcement no. 3
12 March 2015
Dampskibsselskabet NORDEN A/S
Statement of leading employees' and employee-elected board members'
transactions in NORDEN shares and related securities
As stated in NORDEN's annual report of 4 March 2015, NORDEN has established a
share option programme for leading employees and other key employees, in total
65 employees (against 60 employees last year). Each share option entitles the
recipient to acquire one NORDEN share with a nominal value of DKK 1. The
programme includes a total of 350,000 share options. The share options may be
exercised in the period from 4 March 2018 to 4 March 2021.
The exercise price of the options is determined as the five day average of the
market price following 4 March 2015, less all dividend payments after 4 March
2015 plus an addition of 10%.
According to section 28A of the Danish Securities Trading Act, the Company
shall report the following information about the transactions of leading
employees and employee-elected board members in the Company's shares and
related securities:
Name: Michael Tønnes Jørgensen
Occasion: Reporting duty, Executive Vice President &
CFO
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 26,975
Market value of allotted shares in 510,637
DKK:
Holding after the transaction: 1,800 shares and 161,715 options
Name: Lars Bagge Christensen
Occasion: Reporting duty, Executive Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 22,480
Market value of allotted shares in 425,546
DKK:
Holding after the transaction: 2,843 shares and 116,735 options
Name: Martin Badsted
Occasion: Reporting duty, Executive Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 22,480
Market value of allotted shares in 425,546
DKK:
Holding after the transaction: 4,223 shares and 90,493 options
Name: Ejner Kiel Bonderup
Occasion: Reporting duty, Executive Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 27,932
Market value of allotted shares in 528,753
DKK:
Holding after the transaction: 4,942 shares and 83,512 options
Name: Asger Lauritsen
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 14,349
Market value of allotted shares in 271,627
DKK:
Holding after the transaction: 28,349 options
Name: Kristian Wærness
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 11,479
Market value of allotted shares in 217,297
DKK:
Holding after the transaction: 4,673 shares and 64,499 options
Name: Vibeke Schneidermann
Occasion: Reporting duty, Senior Vice President
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 9,087
Market value of allotted shares in 172,017
DKK:
Holding after the transaction: 723 shares and 54,312 options
Name: Ole Clausen
Occasion: Reporting duty, employee-elected board
member
Issuer: Dampskibsselskabet NORDEN A/S
ISIN code: DK0010269844
Description: Shares
Transaction: Allotment of share options
Commercial date: 12 March 2015
Market: NASDAQ OMX Copenhagen A/S
Number: 1,837
Market value of allotted shares in 34,774
DKK:
Holding after the transaction: 1,149 shares and 10,720 options
The theoretical Black-Scholes value of each option is DKK 18.93 based on the
exercise price determined as the five-day average of the market price (all
transactions) from 5 March 2015. The estimated value is based on the following
assumptions: that all options are exercised after 3.25 years, a volatility of
26.5%, an annual dividend rate of DKK 0 per share (from 2015) and a risk free
interest rate of 0%.
Kind regards,
Dampskibsselskabet NORDEN A/S
Michael Tønnes Jørgensen
Executive Vice President & CFO
Further information: Michael Tønnes Jørgensen, Executive Vice President & CFO,
tel. +45 3315 0451.
________________________________________________________________________________
DAMPSKIBSSELSKABET NORDEN A/S, 52, STRANDVEJEN, DK-2900 HELLERUP, CVR NO.
67758919
News Source: NASDAQ OMX
12.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: D/S Norden
Denmark
Phone:
Fax:
E-mail:
Internet:
ISIN: DK0060083210
WKN:
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