Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 2 - 3 JANUARY 2024
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 |
460,000 |
313.29 |
144,114,730 |
|
20/12/2023 |
7,000 |
325.01 |
2,275,070 |
|
21/12/2023 |
7,000 |
325.30 |
2,277,100 |
|
22/12/2023 |
7,000 |
333.14 |
2,331,980 |
|
27/12/2023 |
7,000 |
318.80 |
2,231,600 |
|
28/12/2023 |
11,000 |
319.80 |
3,517,800 |
|
29/19/2023 |
8,000 |
319.00 |
2,552,000 |
|
02/01/2024 |
7,000 |
331.77 |
2,322,390 |
|
Accumulated |
514,000 |
314.44 |
161,622,670 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 514,000 at a total amount of DKK 161,622,670.
With the transactions stated above, NORDEN holds a total of 2,458,412 treasury shares, corresponding to 7.23%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,541,588.
During the same period (20/12-23 - 2/1-24) major shareholder, Motortramp A/S, has sold 16,478 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