ANNOUNCEMENT NO. 209 – 23 SEPTEMBER 2024
On 9 August 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 August 2024 up to and including no later than 23 October 2024. For details, please see announcement no. 171 of 8 August 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 14 million (approximately DKK 95 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 260,000 | 271.47 | 70,581,920 |
| 16/09/2024 | 8,000 | 264.75 | 2,118,000 |
| 17/09/2024 | 8,000 | 273.49 | 2,187,920 |
| 18/09/2024 | 3,000 | 273.24 | 819,720 |
| 19/09/2024 | 2,000 | 279.33 | 558,660 |
| 20/09/2024 | 3,000 | 270.15 | 810,450 |
| Accumulated | 284,000 | 271.40 | 77,076,670 |
Since the share buy-back programme was initiated on 9 August 2024, the total number of repurchased shares is 284,000 at a total amount of DKK 77,076,670.
With the transactions stated above, NORDEN holds a total of 1,634,876 treasury shares, corresponding to 5.11%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,365,124.
During the same period (16/9-24 - 20/9-24) major shareholder, Motortramp A/S, has sold 7,440 shares. Please see announcement no. 173/24 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Martin Badsted, Chief Financial Officer, tel.: +45 33 42 05 26, e-mail: mba@norden.com
