ANNOUNCEMENT NO. 194 – 22 SEPTEMBER 2025
On 15 August 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 15 August 2025 up to and including no later than 23 October 2025. For details, please see announcement no. 164 of 14 August 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 10 million (approximately DKK 63.8 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 112,300 | 229.42 | 25,764,351 |
| 15/09/2025 | 4,300 | 245.30 | 1,054,790 |
| 16/09/2025 | 4,500 | 249.41 | 1,122,345 |
| 17/09/2025 | 4,500 | 247.52 | 1,113,840 |
| 18/09/2025 | 4,500 | 250.20 | 1,125,900 |
| 19/09/2025 | 4,500 | 245.22 | 1,103,490 |
| Accumulated | 134,600 | 232.43 | 31,284,716 |
Since the share buy-back programme was initiated on 15 August 2025, the total number of repurchased shares is 134,600 at a total amount of DKK 31,284,716.
With the transactions stated above, NORDEN holds a total of 2,072,344 treasury shares, corresponding to 6.68 %. The total number of shares in NORDEN is 31,000,000. Adjusted for treasury shares, the number of shares is 28,927,656.
During the same period (15/9-25 - 19/9-25), major shareholder, Motortramp A/S, has sold 6,774 shares. Please see announcement no. 165/2025 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
