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

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ANNOUNCEMENT NO. 151 - 25 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

348,000

338.78

117,895,540

18/09/2023

7,000

360.44

2,523,080

19/09/2023

6,000

368.93

2,213,580

20/09/2023

5,000

378.87

1,894,350

21/09/2023

5,000

384.47

1,922,350

22/09/2023

5,000

390.29

1,951,450

Accumulated

376,000

341.49

128,400,350

 

Since the share buy-back programme was initiated on 10 August 2023, the total number of repurchased shares is 376,000 at a total amount of DKK 128,400,350.

 

With the transactions stated above, NORDEN holds a total of 1,759,672 treasury shares, corresponding to 5.18%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 32,240,328.

 

During the same period (18/9-22/9) major shareholder, Motortramp A/S, has sold 8,688 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