Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 10 - 12 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 |
514,000 |
314.44 |
161,622,670 |
|
03/01/2024 |
6,000 |
338.53 |
2,031,180 |
|
04/01/2024 |
5,000 |
355.11 |
1,775,550 |
|
05/01/2024 |
4,000 |
359.30 |
1,437,200 |
|
08/01/2024 |
8,000 |
350.96 |
2,807,680 |
|
09/01/2024 |
5,000 |
353.30 |
1,766,500 |
|
10/01/2024 |
5,000 |
347.30 |
1,736,500 |
|
11/01/2024 |
4,000 |
340.63 |
1,362,520 |
|
Accumulated |
551,000 |
316.77 |
174,539,800 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 551,000 at a total amount of DKK 174,539,800.
With the transactions stated above, NORDEN holds a total of 2,495,412 treasury shares, corresponding to 7.34%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,504,588.
During the same period (3/1-24 - 11/1-24) major shareholder, Motortramp A/S, has sold 11,291 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