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
