ANNOUNCEMENT NO. 123 – 3 JUNE 2024
On 25 April 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 26 April 2024 up to and including no later than 1 August 2024. For details, please see announcement no. 96 of 25 April 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 21 million (approximately DKK 145 million). Under the programme, the following transactions have been made:
Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
Total, last announcement | 154,000 | 306.74 | 47,238,050 |
27/05/2024 | 6,000 | 341.00 | 2,046,000 |
28/05/2024 | 5,000 | 344.12 | 1,720,600 |
29/05/2024 | 5,000 | 341.20 | 1,706,000 |
30/05/2024 | 5,000 | 338.80 | 1,694,000 |
31/05/2024 | 5,000 | 334.40 | 1,672,000 |
Accumulated | 180,000 | 311.54 | 56,076,650 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 180,000 at a total amount of DKK 56,076,650.
With the transactions stated above, NORDEN holds a total of 1,058,701 treasury shares, corresponding to 3.31%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,941,299.
During the same period (27/5-24 -31/5-24) major shareholder, Motortramp A/S, has sold 8,180 shares. Please see announcement no. 97/24 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