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 | 310,000 | 313.83 | 97,286,070 |
| 04/12/2023 | 11,000 | 324.10 | 3,565,100 |
| 05/12/2023 | 10,000 | 323.16 | 3,231,600 |
| 06/12/2023 | 14,000 | 316.76 | 4,434,640 |
| 07/12/2023 | 15,000 | 309.60 | 4,644,000 |
| 08/12/2023 | 15,000 | 311.55 | 4,673,250 |
| Accumulated | 375,000 | 314.23 | 117,834,660 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 375,000 at a total amount of DKK 117,834,660.
With the transactions stated above, NORDEN holds a total of 2,319,412 treasury shares, corresponding to 6.82%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,680,588.
During the same period (4/12-8/12) major shareholder, Motortramp A/S, has sold 19,836 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
