Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 123 – 3 JUNE 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 |
154,000 |
306.74 |
47,238,050 |
|
27/05/2024 |
6,000 |
341.00 |
2,046,000 |
|
28/05/2024 |
5,000 |
344.12 |
1,720,600 |
|
29/05/2024 |
5,000 |
341.20 |
1,706,000 |
|
30/05/2024 |
5,000 |
338.80 |
1,694,000 |
|
31/05/2024 |
5,000 |
334.40 |
1,672,000 |
|
Accumulated |
180,000 |
311.54 |
56,076,650 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 180,000 at a total amount of DKK 56,076,650.
With the transactions stated above, NORDEN holds a total of 1,058,701 treasury shares, corresponding to 3.31%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,941,299.
During the same period (27/5-24 -31/5-24) 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