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
