Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 27 - 1 FEBRUARY 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 |
587,000 |
319.29 |
187,422,550 |
|
23/01/2024 |
7,000 |
360.52 |
2,523,640 |
|
24/01/2024 |
9,000 |
368.79 |
3,319,110 |
|
25/01/2024 |
8,000 |
371.38 |
2,971,040 |
|
26/01/2024 |
10,000 |
374.24 |
3,742,400 |
|
29/01/2024 |
10,000 |
378.63 |
3,786,300 |
|
30/01/2024 |
9,000 |
373.93 |
3,365,370 |
|
31/01/2024 |
7,626 |
374.95 |
2,859,369 |
|
Accumulated |
647,626 |
324.25 |
209,989,779 |
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 647,626 at a total amount of DKK 209,989,779.
With the transactions stated above, NORDEN holds a total of 2,592,038 treasury shares, corresponding to 7.62%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,407,962.
During the same period (23/1-24 - 31/1-24) major shareholder, Motortramp A/S, has sold 18,501 shares. Please see announcement no. 187/23 and daily reporting.
This concludes the share buy-back programme.
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