DAMPSKIBSSELSKABET NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 21 - 23 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 |
736,000 |
373.69 |
275,037,590 |
|
16/01/2023 |
14,000 |
386.23 |
5,407,220 |
|
17/01/2023 |
12,000 |
386.31 |
4,635,720 |
|
18/01/2023 |
14,000 |
398.10 |
5,573,400 |
|
19/01/2023 |
13,000 |
399.26 |
5,190,380 |
|
20/01/2023 |
14,000 |
406.73 |
5,694,220 |
|
Accumulated |
803,000 |
375.51 |
301,538,530 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 803,000 at a total amount of DKK 301,538,530.
With the transactions stated above, NORDEN holds a total of 3,492,012 treasury shares, corresponding to 9.44%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,507,988.
During the same period (16/1-20/1) major shareholder, Motortramp A/S, has sold 20,054 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