DAMPSKIBSSELSKABET NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 13 - 16 JANUARY 2023
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 |
658,000 |
373.17 |
245,545,450 |
|
09/01/2023 |
20,000 |
373.65 |
7,473,000 |
|
10/01/2023 |
16,000 |
380.63 |
6,090,080 |
|
11/01/2023 |
14,000 |
383.43 |
5,368,020 |
|
12/01/2023 |
14,000 |
373.83 |
5,233,620 |
|
13/01/2023 |
14,000 |
380.53 |
5,327,420 |
|
Accumulated |
736,000 |
373.69 |
275,037,590 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 736,000 at a total amount of DKK 275,037,590.
With the transactions stated above, NORDEN holds a total of 3,425,012 treasury shares, corresponding to 9.26%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,574,988.
During the same period (9/1-13/1) 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
Chair
For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451