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

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ANNOUNCEMENT NO. 212 - 4. DECEMBER 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

259,000

313.10

81,092,010

27/11/2023

7,000

326.12

2,282,840

28/11/2023

10,000

319.61

3,196,100

29/11/2023

10,000

317.72

3,177,200

30/11/2023

12,000

313.66

3,763,920

01/12/2023

12,000

314.50

3,774,000

Accumulated

310,000

313.83

97,286,070

 

Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 310,000 at a total amount of DKK 97,286,070.

 

With the transactions stated above, NORDEN holds a total of 2,254,412 treasury shares, corresponding to 6.63%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,745,588.

 

During the same period (27/11-1/12) 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