DAMPSKIBSSELSKABET NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 269 - 19 DECEMBER 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 |
436,000 |
356.70 |
155,519,860 |
|
12/12/2022 |
11,000 |
397.52 |
4,372,720 |
|
13/12/2022 |
9,000 |
402.18 |
3,619,620 |
|
14/12/2022 |
11,000 |
391.63 |
4,307,930 |
|
15/12/2022 |
11,000 |
397.10 |
4,368,100 |
|
16/12/2022 |
10,000 |
399.51 |
3,995,100 |
|
Accumulated |
488,000 |
361.03 |
176,183,330 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 488,000 at a total amount of DKK 176,183,330.
With the transactions stated above, NORDEN holds a total of 3,179,012 treasury shares, corresponding to 8.59%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,820,988.
During the same period (12/12-16/12) major shareholder, Motortramp A/S, has sold 15,564 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