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 | 514,000 | 314.44 | 161,622,670 |
| 03/01/2024 | 6,000 | 338.53 | 2,031,180 |
| 04/01/2024 | 5,000 | 355.11 | 1,775,550 |
| 05/01/2024 | 4,000 | 359.30 | 1,437,200 |
| 08/01/2024 | 8,000 | 350.96 | 2,807,680 |
| 09/01/2024 | 5,000 | 353.30 | 1,766,500 |
| 10/01/2024 | 5,000 | 347.30 | 1,736,500 |
| 11/01/2024 | 4,000 | 340.63 | 1,362,520 |
| Accumulated | 551,000 | 316.77 | 174,539,800 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 551,000 at a total amount of DKK 174,539,800.
With the transactions stated above, NORDEN holds a total of 2,495,412 treasury shares, corresponding to 7.34%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,504,588.
During the same period (3/1-24 - 11/1-24) major shareholder, Motortramp A/S, has sold 11,291 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
