ANNOUNCEMENT NO. 255 – 26 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 | 98,500 | 220.34 | 21,703,130 |
| 18/11/2024 | 9,000 | 216.97 | 1,952,730 |
| 19/11/2024 | 10,000 | 217.39 | 2,173,900 |
| 20/11/2024 | 10,000 | 223.51 | 2,235,100 |
| 21/11/2024 | 10,000 | 218.44 | 2,184,400 |
| 22/11/2024 | 10,000 | 217.98 | 2,179,800 |
| 25/11/2024 | 10,000 | 215.99 | 2,159,900 |
| Accumulated | 157,500 | 219.61 | 34,588,960 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 157,500 at a total amount of DKK 34,588,960.
With the transactions stated above, NORDEN holds a total of 1,854,478 treasury shares, corresponding to 5.80%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 30,145,522.
During the same period (18/11-24 - 25/11-24) major shareholder, Motortramp A/S, has sold 18,089 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
