ANNOUNCEMENT NO. 128 – 10 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 | 180,000 | 311.54 | 56,076,650 |
| 03/06/2024 | 5,000 | 333.17 | 1,665,850 |
| 04/06/2024 | 6,000 | 336.04 | 2,016,240 |
| 06/06/2024 | 7,000 | 329.89 | 2,309,230 |
| 07/06/2024 | 7,000 | 323.48 | 2,264,360 |
| Accumulated | 205,000 | 313.82 | 64,332,330 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 205,000 at a total amount of DKK 64,332,330.
With the transactions stated above, NORDEN holds a total of 1,083,701 treasury shares, corresponding to 3.39%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,916,299.
During the same period (3/6-24 -7/7-24) major shareholder, Motortramp A/S, has sold 7,866 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
