Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 164 – 22 JULY 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 |
423,000 |
307.78 |
130,192,080 |
|
15/07/2024 |
7,000 |
292.16 |
2,045,120 |
|
16/07/2024 |
5,000 |
306.79 |
1,533,950 |
|
17/07/2024 |
5,000 |
303.34 |
1,516,700 |
|
18/07/2024 |
5,000 |
299.89 |
1,499,450 |
|
19/07/2024 |
5,000 |
297.71 |
1,488,550 |
|
Accumulated |
450,000 |
307.28 |
138,275,850 |
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 450,000 at a total amount of DKK 138,275,850.
With the transactions stated above, NORDEN holds a total of 1,328,701 treasury shares, corresponding to 4.15%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,671,299.
During the same period (15/7-24 -22/7-24) major shareholder, Motortramp A/S, has sold 8,495 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