Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 117 – 27 MAY 2024
On 25 April 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 26 April 2024 up to and including no later than 1 August 2024. For details, please see announcement no. 96 of 25 April 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 21 million (approximately DKK 145 million). Under the programme, the following transactions have been made:
|
Date |
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
Total, last announcement |
128,000 |
300.64 |
38,481,680 |
|
17/05/2024 |
5,000 |
335.02 |
1,675,100 |
|
21/05/2024 |
5,000 |
339.25 |
1,696,250 |
|
22/05/2024 |
5,000 |
338.16 |
1,690,800 |
|
23/05/2024 |
5,000 |
335.86 |
1,679,300 |
|
24/05/2024 |
6,000 |
335.82 |
2,014,920 |
|
Accumulated |
154,000 |
306.74 |
47,238,050 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 154,000 at a total amount of DKK 47,238,050.
With the transactions stated above, NORDEN holds a total of 1,032,701 treasury shares, corresponding to 3.23%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,967,299.
During the same period (17/5-24 -24/5-24) major shareholder, Motortramp A/S, has sold 8,180 shares. Please see announcement no. 97/24 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