ANNOUNCEMENT NO. 134 – 17 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 | 205,000 | 313.82 | 64,332,330 |
10/06/2024 | 8,000 | 325.92 | 2,607,360 |
11/06/2024 | 12,000 | 313.83 | 3,765,960 |
12/06/2024 | 12,000 | 309.76 | 3,717,120 |
13/06/2024 | 12,000 | 304.29 | 3,651,480 |
14/06/2024 | 13,000 | 298.18 | 3,876,340 |
Accumulated | 262,000 | 312.79 | 81,950,590 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 262,000 at a total amount of DKK 81,950,590.
With the transactions stated above, NORDEN holds a total of 1,140,701 treasury shares, corresponding to 3.56%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,859,299.
During the same period (10/6-24 -14/6-24) major shareholder, Motortramp A/S, has sold 17,934 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