On 2 November 2023, 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 2 November 2023 up to and including no later than 31 January 2024. For details, please see announcement no. 186 of 2 November 2023.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 210 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK)
|
| Total, last announcement | 0 | 0.00 | 0 |
| 02/11/2023 | 4,000 | 389.67 | 1,558,680 |
| 03/11/2023 | 21,000 | 353.72 | 7,428,120 |
| 06/11/2023 | 15,000 | 331.35 | 4,970,250 |
| 07/11/2023 | 15,000 | 316.55 | 4,748,250 |
| 08/11/2023 | 18,000 | 308.59 | 5,554,620 |
| 09/11/2023 | 18,000 | 305.54 | 5,499,720 |
| Accumulated | 91,000 | 327.03 | 29,759,640 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 91,000 at a total amount of DKK 29,759,640.
With the transactions stated above, NORDEN holds a total of 2,035,412 treasury shares, corresponding to 5.99%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,964,588.
During the same period (2/11-9/11) major shareholder, Motortramp A/S, has sold 27,771 shares. Please see announcement no. 187/23 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Stig Frederiksen, Head of Investor Relations, tel.: +45 32 71 08 55, e-mail: sfr@norden.com
