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

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ANNOUNCEMENT NO. 244 - 21 NOVEMBER 2022

 

On 3 November 2022, 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 3 November 2022 up to and including no later than 7 February 2023. For details, please see announcement no. 230 of 3 November 2022.

 

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 50 million (approximately DKK 380 million). Under the programme, the following transactions have been made:

 

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

 

Total, last announcement

114,000

360.98

41,151,760

14/11/2022

20,000

333.68

6,673,600

15/11/2022

20,000

336.82

6,736,400

16/11/2022

20,000

338.62

6,772,400

17/11/2022

20,000

342.87

6,857,400

18/11/2022

19,000

345.81

6,570,390

Accumulated

213,000

351.00

74,761,950

 

Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 213,000 at a total amount of DKK 74,761,950.

 

With the transactions stated above, NORDEN holds a total of 2,904,012 treasury shares, corresponding to 7.85%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 34,095,988.

 

During the same period (14/11-18/11) major shareholder, Motortramp A/S, has sold 29,631 shares. Please see announcement no. 233/22 and daily reporting.

 

Kind regards,

Dampskibsselskabet NORDEN A/S

 

Klaus Nyborg

Chairman

 

For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451