ANNOUNCEMENT NO. 57 – 11 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 | 105,881 | 316.07 | 33,466,009 |
| 04/03/2024 | 6,956 | 301.86 | 2,099,713 |
| 05/03/2024 | 6,521 | 297.93 | 1,942,790 |
| 06/03/2024 | 6,956 | 296.54 | 2,062,740 |
| 07/03/2024 | 6,231 | 298.32 | 1,858,819 |
| 08/03/2024 | 6,666 | 295.34 | 1,968,709 |
| Accumulated | 139,211 | 311.75 | 43,398,780 |
Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 139,211 at a total amount of DKK 43,398,780.
With the transactions stated above, NORDEN holds a total of 2,663,161 treasury shares, corresponding to 7.83%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,336,839.
During the same period (4/3-24 -8/3-24) 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
