DAMPSKIBSSELSKABET NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 27 - 30 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 |
803,000 |
375.51 |
301,538,530 |
|
23/01/2023 |
20,000 |
376.06 |
7,521,200 |
|
24/01/2023 |
25,000 |
361.46 |
9,036,500 |
|
25/01/2023 |
25,000 |
344.83 |
8,620,750 |
|
26/01/2023 |
27,000 |
351.15 |
9,481,050 |
|
27/01/2023 |
25,000 |
349.56 |
8,739,000 |
|
Accumulated |
925,000 |
372.90 |
344,937,030 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 925,000 at a total amount of DKK 344,937,030.
With the transactions stated above, NORDEN holds a total of 3,614,012 treasury shares, corresponding to 9.77%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,385,988.
During the same period (23/1-27/1) major shareholder, Motortramp A/S, has sold 36,515 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