ANNOUNCEMENT NO. 242 – 11 NOVEMBER 2024
On 1 November 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 1 November 2024 up to and including no later than 22 January 2025. For details, please see announcement no. 235 of 31 October 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 12 million (approximately DKK 83 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 0 | 0.00 | 0 |
| 01/11/2024 | 6,500 | 243.18 | 1,580,670 |
| 04/11/2024 | 8,000 | 228.82 | 1,830,560 |
| 05/11/2024 | 9,000 | 223.77 | 2,013,930 |
| 06/11/2024 | 9,000 | 217.45 | 1,957,050 |
| 07/11/2024 | 8,000 | 222.85 | 1,782,800 |
| 08/11/2024 | 9,000 | 219.00 | 1,971,000 |
| Accumulated | 49,500 | 224.97 | 11,136,010 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 49,500 at a total amount of DKK 11,136,010.
With the transactions stated above, NORDEN holds a total of 1,746,478 treasury shares, corresponding to 5.46%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,253,522.
During the same period (1/11-24 - 8/11-24) major shareholder, Motortramp A/S, has sold 15,176 shares. Please see announcement no. 237/24 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
