ANNOUNCEMENT NO. 50 – 4 MARCH 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 | 72,551 | 321.21 | 23,304,022 |
| 26/02/2024 | 6,666 | 301.83 | 2,011,987 |
| 27/02/2024 | 6,666 | 299.36 | 1,995,532 |
| 28/02/2024 | 6,666 | 309.38 | 2,062,351 |
| 29/02/2024 | 6,666 | 307.39 | 2,049,050 |
| 01/03/2024 | 6,666 | 307.21 | 2,047,857 |
| Accumulated | 105,881 | 316.12 | 33,470,799 |
Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 105,881 at a total amount of DKK 33,470,799.
With the transactions stated above, NORDEN holds a total of 2,629,831 treasury shares, corresponding to 7.73%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,370,169.
During the same period (26/2-24 -1/3-24) major shareholder, Motortramp A/S, has sold 10,330 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
