ANNOUNCEMENT NO. 101 – 26 MAY 2025
On 2 May 2025, 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 2 May 2025 up to and including no later than 7 August 2025. For details, please see announcement no. 83 of 1 May 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 7 million (approximately DKK 46 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 45,900 | 194.49 | 8,927,298 |
| 19/05/2025 | 3,200 | 204.65 | 654,880 |
| 20/05/2025 | 3,100 | 206.39 | 639,809 |
| 21/05/2025 | 3,100 | 205.48 | 636,988 |
| 22/05/2025 | 3,100 | 205.57 | 637,267 |
| 23/05/2025 | 3,500 | 204.04 | 714,140 |
| Accumulated | 61,900 | 197.26 | 12,210,382 |
Since the share buy-back programme was initiated on 2 May 2025, the total number of repurchased shares is 61,900 at a total amount of DKK 12,210,382.
With the transactions stated above, NORDEN holds a total of 1,781,004 treasury shares, corresponding to 5.75%. The total number of shares in NORDEN is 31,000,000. Adjusted for treasury shares, the number of shares is 29,218,996.
During the same period (19/5-25 - 23/5-25), major shareholder, Motortramp A/S, has sold 4,894 shares. Please see announcement no. 84/2025 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Therese Möllevinge, Head of Investor Relations, tel.: +45 41 37 16 38, e-mail: thm@norden.com
Isabella Zaugg Hansen, Investor Relations Manager, tel.: +45 27 62 90 96, e-mail: izh@norden.com
