NORDEN initiates third phase of share buy-back of up to USD 30 million (DKK 170 million)
14 Aug 2013
As announced in connection with the annual report for 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 discloses that the third phase of the share buy-back will now be initiated on the terms stated below.
The first phase of the share buy-back programme ran from 8 April 2013 to 6 May 2013 and had a value of DKK 20 million. The second phase of the share buy-back programme ran from 15 May 2013 to 13 August 2013 and had a value of DKK 50 million. The third phase of the share buy-back programme will have a value of up to DKK 50 million and is expected to run until 12 November 2013. The following phases, which may bring the value of the total share buy-back up to a total of USD 30 million, are expected to be decided upon and announced in connection with the publication of the Company’s interim reports.