ANNOUNCEMENT NO. 73 – 7 APRIL 2025
On 7 February 2025, 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 7 February 2025 up to and including no later than 24 April 2025. For details, please see announcement no. 20 of 6 February 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 18 million (approximately DKK 128 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 554,000 | 189.81 | 105,155,670 |
| 31/03/2025 | 20,000 | 174.89 | 3,497,800 |
| 01/04/2025 | 20,000 | 174.26 | 3,485,200 |
| 02/04/2025 | 20,000 | 176.69 | 3,533,800 |
| 03/04/2025 | 20,000 | 168.68 | 3,373,600 |
| 04/04/2025 | 20,000 | 159.69 | 3,197,800 |
| Accumulated | 654,000 | 186.92 | 122,243,870 |
Since the share buy-back programme was initiated on 7 February 2025, the total number of repurchased shares is 654,000 at a total amount of DKK 122,243,870.
With the transactions stated above, NORDEN holds a total of 2,683,791 treasury shares, corresponding to 8.39%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,316,209.
During the same period (31/3-25 - 4/4-25) major shareholder, Motortramp A/S, has sold 30,290 shares. Please see announcement no. 22/2025 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
