DAMPSKIBSSELSKABET NORDEN A/S– weekly report on share buy-back
ANNOUNCEMENT NO. 263 - 12 DECEMBER 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 |
383,000 |
353.52 |
135,396,980 |
|
05/12/2022 |
10,000 |
383.65 |
3,836,500 |
|
06/12/2022 |
10,000 |
384.61 |
3,846,100 |
|
07/12/2022 |
12,000 |
374.92 |
4,499,040 |
|
08/12/2022 |
11,000 |
374.24 |
4,116,640 |
|
09/12/2022 |
10,000 |
382.46 |
3,824,600 |
|
Accumulated |
436,000 |
356.70 |
155,519,860 |
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 436,000 at a total amount of DKK 155,519,860.
With the transactions stated above, NORDEN holds a total of 3,127,012 treasury shares, corresponding to 8.45%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,872,988.
During the same period (5/12-9/12) major shareholder, Motortramp A/S, has sold 15,863 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