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 | 208,000 | 312.61 | 65,022,220 |
| 20/11/2023 | 11,000 | 313.74 | 3,451,140 |
| 21/11/2023 | 13,000 | 308.61 | 4,011,930 |
| 22/11/2023 | 13,000 | 311.70 | 4,052,100 |
| 23/11/2023 | 7,000 | 323.80 | 2,266,600 |
| 24/11/2023 | 7,000 | 326.86 | 2,288,020 |
| Accumulated | 259,000 | 313.10 | 81,092,010 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 259,000 at a total amount of DKK 81,092,010.
With the transactions stated above, NORDEN holds a total of 2,203,412 treasury shares, corresponding to 6.48%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,796,588.
During the same period (20/11-24/11) major shareholder, Motortramp A/S, has sold 15,564 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
