ANNOUNCEMENT NO. 92 – 22 APRIL 2024
On 8 February 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 9 February 2024 up to and including no later than 19 April 2024. For details, please see announcement no. 30 of 8 February 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 15 million (approximately DKK 105 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK)
|
| Total, last announcement | 313,304 | 296.79 | 92,986,723 |
| 15/04/2024 | 9,710 | 286.00 | 2,777,043 |
| 16/04/2024 | 9,130 | 289.17 | 2,640,147 |
| 17/04/2024 | 7,536 | 293.55 | 2,212,210 |
| 18/04/2024 | 8,985 | 290.26 | 2,608,003 |
| 19/04/2024 | 6,086 | 283.97 | 1,728,246 |
| Accumulated | 354,751 | 295.85 | 104,952,371 |
Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 354,751 at a total amount of DKK104,952,371.
With the transactions stated above, NORDEN holds a total of 2,878,701 treasury shares, corresponding to 8.47%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,121,299.
During the same period (15/4-24 -19/4-24) major shareholder, Motortramp A/S, has sold 12,847 shares. Please see announcement no. 31/24 and daily reporting.
This concludes the share buy-back.
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
