Dampskibsselskabet NORDEN A/S – weekly report on share buy-back

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ANNOUNCEMENT NO. 3 – 6 JANUARY 2025

 

On 1 November 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 1 November 2024 up to and including no later than 22 January 2025. For details, please see announcement no. 235 of 31 October 2024.

 

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 12 million (approximately DKK 83 million). The following transactions have been made under the programme:

 

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

Total, last announcement

276,500

216.31

59,809,890

20/12/2024

9,000

196.79

1,771,110

23/12/2024

8,000

203.90

1,631,200

30/12/2024

8,000

213.04

1,704,320

2/1/2025

1,000

213.23

213,230

3/1/2025

1,000

222.25

222,250

6/1/2025

1,000

228.09

228,090

Accumulated

364,500

212.95

77,620,640

 

Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 364,500 at a total amount of DKK 77,720,640.

 

With the transactions stated above, NORDEN holds a total of 2,061,478 treasury shares, corresponding to 6.44%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,938,522.

 

During the same period (12/12-24 - 19/12-24) major shareholder, Motortramp A/S, has sold 8,893 shares. Please see announcement no. 237/24 and daily reporting.

 

Kind regards,

Dampskibsselskabet NORDEN A/S

 

Klaus Nyborg

Chairman


For further information:

Therese Möllevinge, Head of Investor Relations, tel.: +45 41 37 16 38, e-mail: thm@norden.com

Isabella Zaugg Hansen, Investor Relations Manager, tel.: +45 27 62 90 96, e-mail: izh@norden.com