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 | 460,000 | 313.29 | 144,114,730 |
| 20/12/2023 | 7,000 | 325.01 | 2,275,070 |
| 21/12/2023 | 7,000 | 325.30 | 2,277,100 |
| 22/12/2023 | 7,000 | 333.14 | 2,331,980 |
| 27/12/2023 | 7,000 | 318.80 | 2,231,600 |
| 28/12/2023 | 11,000 | 319.80 | 3,517,800 |
| 29/19/2023 | 8,000 | 319.00 | 2,552,000 |
| 02/01/2024 | 7,000 | 331.77 | 2,322,390 |
| Accumulated | 514,000 | 314.44 | 161,622,670 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 514,000 at a total amount of DKK 161,622,670.
With the transactions stated above, NORDEN holds a total of 2,458,412 treasury shares, corresponding to 7.23%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,541,588.
During the same period (20/12-23 - 2/1-24) major shareholder, Motortramp A/S, has sold 16,478 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
