Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 190 – 2 SEPTEMBER 2024
On 9 August 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 August 2024 up to and including no later than 23 October 2024. For details, please see announcement no. 171 of 8 August 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 14 million (approximately DKK 95 million). Under the programme, the following transactions have been made:
|
Date |
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
Total, last announcement |
97,000 |
279.75 |
27,136,160 |
|
26/08/2024 |
11,000 |
275.43 |
3,029,730 |
|
27/08/2024 |
10,000 |
276.56 |
2,765,600 |
|
28/08/2024 |
10,000 |
272.44 |
2,724,400 |
|
29/08/2024 |
8,000 |
274.58 |
2,196,640 |
|
30/08/2024 |
10,000 |
277.93 |
2,779,300 |
|
Accumulated |
146,000 |
278.30 |
40,631,830 |
Since the share buy-back programme was initiated on 9 August 2024, the total number of repurchased shares is 146,000 at a total amount of DKK 40,631,830.
With the transactions stated above, NORDEN holds a total of 1,496,876 treasury shares, corresponding to 4.68%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,503,124.
During the same period (26/8-24 - 30/8-24) major shareholder, Motortramp A/S, has sold 15,190 shares. Please see announcement no. 173/24 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Martin Badsted, Chief Financial Officer, tel.: +45 33 42 05 26, e-mail: mba@norden.com