ANNOUNCEMENT NO. 89 – 12 MAY 2025
On 2 May 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 2 May 2025 up to and including no later than 7 August 2025. For details, please see announcement no. 83 of 1 May 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 7 million (approximately DKK 46 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 0 | 0.00 | 0 |
| 02/05/2025 | 4,500 | 194.98 | 877,410 |
| 05/05/2025 | 4,500 | 193.85 | 872,325 |
| 06/05/2025 | 4,800 | 192.89 | 925,872 |
| 07/05/2025 | 4,800 | 187.47 | 899,856 |
| 08/05/2025 | 4,900 | 184.78 | 905,422 |
| 09/05/2025 | 5,000 | 186.10 | 930,500 |
| Accumulated | 28,500 | 189.87 | 5,411,385 |
Since the share buy-back programme was initiated on 2 May 2025, the total number of repurchased shares is 28,500 at a total amount of DKK 5,411,385.
With the transactions stated above, NORDEN holds a total of 1,747,604 treasury shares, corresponding to 5.64%. The total number of shares in NORDEN is 31,000,000. Adjusted for treasury shares, the number of shares is 29,252,396.
During the same period (2/5-25 - 9/5-25), major shareholder, Motortramp A/S, has sold 8,719 shares. Please see announcement no. 84/2025 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
