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 | 551,000 | 316.77 | 174,539,800 |
| 12/01/2024 | 4,000 | 349.08 | 1,396,320 |
| 15/01/2024 | 3,000 | 345.40 | 1,036,200 |
| 16/01/2024 | 5,000 | 351.35 | 1,756,750 |
| 17/01/2024 | 7,000 | 355.01 | 2,485,070 |
| 18/01/2024 | 6,000 | 363.26 | 2,179,560 |
| 19/01/2024 | 6,000 | 364.20 | 2,185,200 |
| 22/01/2024 | 5,000 | 368.73 | 1,843,650 |
| Accumulated | 587,000 | 319.29 | 187,422,550 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 587,000 at a total amount of DKK 187,422,550.
With the transactions stated above, NORDEN holds a total of 2,531,412 treasury shares, corresponding to 7.45%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,468,588.
During the same period (12/1-24 - 22/1-24) major shareholder, Motortramp A/S, has sold 10,986 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
