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

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ANNOUNCEMENT NO. 218 - 11 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

310,000

313.83

97,286,070

04/12/2023

11,000

324.10

3,565,100

05/12/2023

10,000

323.16

3,231,600

06/12/2023

14,000

316.76

4,434,640

07/12/2023

15,000

309.60

4,644,000

08/12/2023

15,000

311.55

4,673,250

Accumulated

375,000

314.23

117,834,660

 

Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 375,000 at a total amount of DKK 117,834,660.

 

With the transactions stated above, NORDEN holds a total of 2,319,412 treasury shares, corresponding to 6.82%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,680,588.

 

During the same period (4/12-8/12) major shareholder, Motortramp A/S, has sold 19,836 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