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 | 91,000 | 327,03 | 29,759,640 |
| 10/11/2023 | 22,000 | 304.53 | 6,699,660 |
| 13/11/2023 | 22,000 | 303.44 | 6,675,680 |
| 14/11/2023 | 20,000 | 298.94 | 5,978,800 |
| 15/11/2023 | 18,000 | 300.15 | 5,402,700 |
| 16/11/2023 | 19,000 | 297.06 | 5,644,140 |
| 17/11/2023 | 16,000 | 303.85 | 4,861,600 |
| Accumulated | 208,000 | 312.61 | 65,022,220 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 208,000 at a total amount of DKK 65,022,220.
With the transactions stated above, NORDEN holds a total of 2,152,412 treasury shares, corresponding to 6.33%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,847,588.
During the same period (10/11-17/11) major shareholder, Motortramp A/S, has sold 35,705 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
