As announced in connection with the Annual Report 2012, the Board of Directors has decided to carry out a share buy-back of up to a total of USD 30 million (approximately DKK 170 million).
NORDEN hereby informs that the first phase of the share buy-back will now be initiated on the terms stated below.
The value of the first phase of the share buy-back programme will be up to DKK 20 million, and the first phase is expected to run until 14 May 2013. The following phases, which may bring the value of the total share buy-back up to a total of USD 30 million, is expected to be decided and announced in connection with publication of the Company's interim reports.
