Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 19 - 23 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 |
551,000 |
316.77 |
174,539,800 |
|
12/01/2024 |
4,000 |
349.08 |
1,396,320 |
|
15/01/2024 |
3,000 |
345.40 |
1,036,200 |
|
16/01/2024 |
5,000 |
351.35 |
1,756,750 |
|
17/01/2024 |
7,000 |
355.01 |
2,485,070 |
|
18/01/2024 |
6,000 |
363.26 |
2,179,560 |
|
19/01/2024 |
6,000 |
364.20 |
2,185,200 |
|
22/01/2024 |
5,000 |
368.73 |
1,843,650 |
|
Accumulated |
587,000 |
319.29 |
187,422,550 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 587,000 at a total amount of DKK 187,422,550.
With the transactions stated above, NORDEN holds a total of 2,531,412 treasury shares, corresponding to 7.45%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,468,588.
During the same period (12/1-24 - 22/1-24) major shareholder, Motortramp A/S, has sold 10,986 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