S – Weekly report on share buy-back

DGAP-News: D/S Norden /

02.06.2014 / 10:05

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Attached please find below text as PDF file.

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                                                             Announcement no. 26

                                                                     2 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. 

Since the company announcement of 14 May 2014 initiating the share buy-back
programme, the following transactions 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
                                                           
Accumulated       82,055                215.52   17,684,681

Since the share buy-back programme was initiated on 15 May 2014, the total
number of repurchased shares is 82,055 at a total amount of DKK 17,684,681. 

With the transactions stated above, NORDEN holds a total 2,357,695 treasury
shares, corresponding to 5.5%. The total number of shares in NORDEN is 43
million. Adjusted for treasury shares, the number of shares is 40,642,305. 

                                  Kind regards,

                          Dampskibsselskabet NORDEN A/S

                                Carsten Mortensen

                            President & CEO



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

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


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