Final weekly report on share buy-back 233/2024

18/10/2024

ANNOUNCEMENT NO. 233 – 18 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

310,700

271.91

84,481,617

14/10/2024

5,000

270.13

1,350,650

15/10/2024

10,000

263.27

2,632,700

16/10/2024

12,000

260.79

3,129,480

17/10/2024

12,990

262.11

3,404,809

Accumulated

350,690

270.89

94,999,256

Since the share buy-back programme was initiated on 9 August 2024, the total number of repurchased shares is 350,690 at a total amount of DKK 94,999,256.

With the transactions stated above, NORDEN holds a total of 1,696,978 treasury shares, corresponding to 5.30%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,303,022.

During the same period (14/10-24 - 17/10-24) major shareholder, Motortramp A/S, has sold 12,397 shares. Please see announcement no. 173/24 and daily reporting.

This concludes the share buy-back.

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

Announcement no. 233/2024

Appendix no.1 233/2024