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NORDEN provides update on share buy-back programme

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Dry Bulk,

On 8 November 2018, 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 8 November 2018 up to and including no later than 28 February 2019. For details please see announcement No.13 of 7 November 2018.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of US$10 million (approximately DKK 66 million).

Since the share buy-back programme was initiated on 8 November 2018, the total number of repurchased shares is 608 500 at a total amount of DKK 57 032 050.

With the transactions stated above, NORDEN holds a total of 2 340 885 treasury shares, corresponding to 5.55%. The total number of shares in NORDEN is 42.2 million. Adjusted for treasury shares, the number of shares is 39 859 115.

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