Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 227 – 14 OCTOBER 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 |
301,600 |
271.74 |
81,957,204 |
|
07/10/2024 |
1,500 |
283.41 |
425,115 |
|
08/10/2024 |
1,500 |
282.10 |
423,150 |
|
09/10/2024 |
2,000 |
276.72 |
553,440 |
|
10/10/2024 |
2,000 |
274.20 |
548,400 |
|
11/10/2024 |
2,100 |
273.48 |
574,308 |
|
Accumulated |
310,700 |
271.91 |
84,481,617 |
Since the share buy-back programme was initiated on 9 August 2024, the total number of repurchased shares is 310,700 at a total amount of DKK 84,481,617.
With the transactions stated above, NORDEN holds a total of 1,656,988 treasury shares, corresponding to 5.18%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,343,012.
During the same period (7/10-24 - 11/10-24) major shareholder, Motortramp A/S, has sold 2,821 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