Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 65 – 18 MARCH 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 |
139,211 |
311.75 |
43,398,780 |
|
11/03/2024 |
6,231 |
293.07 |
1,826,120 |
|
12/03/2024 |
6,231 |
291.46 |
1,816,069 |
|
13/03/2024 |
6,231 |
287.12 |
1,789,062 |
|
14/03/2024 |
6,449 |
285.66 |
1,842,213 |
|
15/03/2024 |
6,449 |
287.99 |
1,857,275 |
|
Accumulated |
170,802 |
307.55 |
52,529,519 |
Since the share buy-back programme was initiated on 9 February 2024, the total number of repurchased shares is 170,802 at a total amount of DKK 52,529,519.
With the transactions stated above, NORDEN holds a total of 2,694,752 treasury shares, corresponding to 7.93%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,305,248.
During the same period (11/3-24 -15/3-24) major shareholder, Motortramp A/S, has sold 9,791 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