ANNOUNCEMENT NO. 35 – 24 FEBRUARY 2025
On 7 February 2025, 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 7 February 2025 up to and including no later than 24 April 2025. For details, please see announcement no. 20 of 6 February 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 18 million (approximately DKK 128 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 103,000 | 193.46 | 19,926,590 |
| 17/02/2025 | 19,000 | 189.85 | 3,607,150 |
| 18/02/2025 | 19,000 | 191.06 | 3,630,140 |
| 19/02/2025 | 18,000 | 192.53 | 3,465,540 |
| 20/02/2025 | 18,000 | 191.38 | 3,444,840 |
| 21/02/2025 | 16,000 | 194.69 | 3,115,040 |
| Accumulated | 193,000 | 192.69 | 37,189,300 |
Since the share buy-back programme was initiated on 7 February 2025, the total number of repurchased shares is 193,000 at a total amount of DKK 37,189,300.
With the transactions stated above, NORDEN holds a total of 2,222,791 treasury shares, corresponding to 6.95%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,777,209.
During the same period (17/2-25 - 21/2-25) major shareholder, Motortramp A/S, has sold 27,260 shares. Please see announcement no. 22/2025 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Therese Möllevinge, Head of Investor Relations, tel.: +45 41 37 16 38, e-mail: thm@norden.com
Isabella Zaugg Hansen, Investor Relations Manager, tel.: +45 27 62 90 96, e-mail: izh@norden.com
