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

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ANNOUNCEMENT NO. 206 - 27 NOVEMBER 2023

 

On 2 November 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 2 November 2023 up to and including no later than 31 January 2024. For details, please see announcement no. 186 of 2 November 2023.

 

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 210 million). Under the programme, the following transactions have been made:

 

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

 

Total, last announcement

208,000

312.61

65,022,220

20/11/2023

11,000

313.74

3,451,140

21/11/2023

13,000

308.61

4,011,930

22/11/2023

13,000

311.70

4,052,100

23/11/2023

7,000

323.80

2,266,600

24/11/2023

7,000

326.86

2,288,020

Accumulated

259,000

313.10

81,092,010

 

Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 259,000 at a total amount of DKK 81,092,010.

 

With the transactions stated above, NORDEN holds a total of 2,203,412 treasury shares, corresponding to 6.48%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,796,588.

 

During the same period (20/11-24/11) major shareholder, Motortramp A/S, has sold 15,564 shares. Please see announcement no. 187/23 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