ANNOUNCEMENT NO. 38 – 19 FEBRUARY 2024
On 8 February 2024, 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 9 February 2024 up to and including no later than 19 April 2024. For details, please see announcement no. 30 of 8 February 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 15 million (approximately DKK 105 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK)
|
| Total, last announcement | 0 | 0 | 0 |
| 09/02/2024 | 6,666 | 333.12 | 2,220,549 |
| 12/02/2024 | 5,891 | 331.68 | 1,953,937 |
| 13/02/2024 | 6,666 | 326.73 | 2,177,954 |
| 14/02/2024 | 6,666 | 323.02 | 2,153,267 |
| 15/02/2024 | 6,666 | 319.50 | 2,129,785 |
| 16/02/2024 | 6,666 | 320.78 | 2,138,308 |
| Accumulated | 39,221 | 325.69 | 12,773,801 |
Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 39,221 at a total amount of DKK 12,773,801.
With the transactions stated above, NORDEN holds a total of 2,569,837 treasury shares, corresponding to 7.56%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,430,163.
During the same period (9/2-24 - 15/2-24) major shareholder, Motortramp A/S, has sold 12,156 shares. Please see announcement no. 31/24 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
