Norden share buy-back of USD 30 million
The Board of Directors at Norden has decided to carry out a share buy-back of up to USD 30 million, approximately DKK 170 million.
The first phase of the share buy-back will 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, announces Norden.
Source: Norden A/S