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

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ANNOUNCEMENT NO. 44 – 26 FEBRUAR 2024

 

On 8 February 2024, 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 9 February 2024 up to and including no later than 19 April 2024. For details, please see announcement no. 30 of 8 February 2024.

 

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 15 million (approximately DKK 105 million). Under the programme, the following transactions have been made:

 

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

 

Total, last announcement

39,221

325.69

12,773,801

19/02/2024

6,666

326.42

2,175,921

20/02/2024

6,666

326.28

2,174,965

21/02/2024

6,666

312.86

2,085,519

22/02/2024

6,666

309.29

2,061,716

23/02/2024

6,666

304.85

2,032,101

Accumulated

72,551

321.21

23,304,022

 

Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 72,551 at a total amount of DKK 23,304,022.

 

With the transactions stated above, NORDEN holds a total of 2,596,501 treasury shares, corresponding to 7.64%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,403,499.

 

During the same period (19/2-24 - 23/2-24) major shareholder, Motortramp A/S, has sold 10,330 shares. Please see announcement no. 31/24 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