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

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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