Dampskibsselskabet NORDEN A/S – weekly report on share buy-back

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ANNOUNCEMENT NO. 138 - 11 SEPTEMBER 2023

 

On 10 August 2023, 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 10 August 2023 up to and including no later than 31 October 2023. For details, please see announcement no. 112 of 10 August 2023.

 

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 204 million). Under the programme, the following transactions have been made:

 

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

 

Total, last announcement

249,000

334.67

83,332,690

04/09/2023

11,000

351.21

3,863,310

05/09/2023

12,000

346.96

4,163,520

06/09/2023

10,000

342.51

3,425,100

07/09/2023

11,000

346.08

3,806,880

08/09/2023

10,000

349.88

3,498,800

Accumulated

303,000

336.93

102,090,300

 

Since the share buy-back programme was initiated on 10 August 2023, the total number of repurchased shares is 303,000 at a total amount of DKK 102,090,300.

 

With the transactions stated above, NORDEN holds a total of 1,686,672 treasury shares, corresponding to 4.96%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 32,313,328.

 

During the same period (4/9-8/9) major shareholder, Motortramp A/S, has sold 16,756 shares. Please see announcement no. 113/23 and daily reporting.

 

Kind regards,

Dampskibsselskabet NORDEN A/S

 

Klaus Nyborg

Chairman

 

For further information: Stig Frederiksen, Head of Investor Relations, tel.: +45 32 71 08 55, e-mail: sfr@norden.com