DAMPSKIBSSELSKABET norden a/s – weekly report on share buy-back
ANNOUNCEMENT NO. 7 - 9 JANUARY 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 |
580,000 |
370.27 |
214,754,470 |
|
02/01/2023 |
11,000 |
429.74 |
4,727,140 |
|
03/01/2023 |
12,000 |
424.57 |
5,094,840 |
|
04/01/2023 |
20,000 |
391.83 |
7,836,600 |
|
05/01/2023 |
20,000 |
370.21 |
7,404,200 |
|
06/01/2023 |
15,000 |
381.88 |
5,728,200 |
|
Accumulated |
658,000 |
373.17 |
245,545,450 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 658,000 at a total amount of DKK 245,545,450.
With the transactions stated above, NORDEN holds a total of 3,347,012 treasury shares, corresponding to 9.05%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,652,988.
During the same period (2/1-6/1) major shareholder, Motortramp A/S, has sold 23,346 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