ANNOUNCEMENT NO. 111 – 17 MAY 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 | 72,000 | 294.16 | 21,179,560 |
| 06/05/2024 | 12,000 | 292.38 | 3,508,560 |
| 07/05/2024 | 12,000 | 294.86 | 3,538,320 |
| 08/05/2024 | 10,000 | 302.88 | 3,028,800 |
| 13/05/2024 | 6,000 | 320.46 | 1,922,760 |
| 14/05/2024 | 6,000 | 329.43 | 1,976,580 |
| 15/05/2024 | 5,000 | 332.69 | 1,663,450 |
| 16/05/2024 | 5,000 | 332.73 | 1,663,650 |
| Accumulated | 128,000 | 300.64 | 38,481,680 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 128,000 at a total amount of DKK 38,481,680.
With the transactions stated above, NORDEN holds a total of 1,006,701 treasury shares, corresponding to 3.15%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,993,299.
During the same period (6/5-24 -16/5-24) major shareholder, Motortramp A/S, has sold 17,619 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
