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 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.