DAMPSKIBSSELSKABET NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO 238 - 14 NOVEMBER 2022
On 3 November 2022, 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 3 November 2022 up to and including no later than 7 February 2023. For details, please see announcement no. 230 of 3 November 2022.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 50 million (approximately DKK 380 million). Under the programme, the following transactions have been made:
|
Date |
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK)
|
|
Total, last announcement |
12,000 |
430.18 |
5,162,190 |
|
07/11/2022 |
22,000 |
367.54 |
8,085,880 |
|
08/11/2022 |
22,000 |
358.93 |
7,896,460 |
|
09/11/2022 |
20,000 |
354.39 |
7,087,800 |
|
10/11/2022 |
19,000 |
343.24 |
6,521,560 |
|
11/11/2022 |
19,000 |
336.73 |
6,397,870 |
|
Accumulated |
114,000 |
360.98 |
41,151,760 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 114,000 at a total amount of DKK 41,151,760.
With the transactions stated above, NORDEN holds a total of 2,805,012 treasury shares, corresponding to 7.58%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 34,194,988.
During the same period (7/11-11/11) major shareholder, Motortramp A/S, has sold 30,529 shares. Please see announcement no. 233/22 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451