Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 228 - 20 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 |
375,000 |
314.23 |
117,834,660 |
|
11/12/2023 |
15,000 |
312.51 |
4,687,650 |
|
12/12/2023 |
15,000 |
302.40 |
4,536,000 |
|
13/12/2023 |
15,000 |
298.86 |
4,482,900 |
|
14/12/2023 |
12,000 |
306.52 |
3,678,240 |
|
15/12/2023 |
12,000 |
309.76 |
3,717,120 |
|
18/19/2023 |
8,000 |
325.03 |
2,600,240 |
|
19/19/2023 |
8,000 |
322.24 |
2,577,920 |
|
Accumulated |
460,000 |
313.29 |
144,114,730 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 460,000 at a total amount of DKK 144,114,730.
With the transactions stated above, NORDEN holds a total of 2,404,412 treasury shares, corresponding to 7.07%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,595,588.
During the same period (11/12-19/12) major shareholder, Motortramp A/S, has sold 25,940 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