Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 270 - 12 DECEMBER 2024
On 1 November 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 1 November 2024 up to and including no later than 22 January 2025. For details, please see announcement no. 235 of 31 October 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 12 million (approximately DKK 83 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 219,500 | 217.23 | 47,682,700 |
| 04/12/2024 | 9,000 | 214.65 | 1,931,850 |
| 05/12/2024 | 8,000 | 211.48 | 1,691,840 |
| 06/12/2024 | 10,000 | 211.97 | 2,119,700 |
| 09/12/2024 | 10,000 | 212.91 | 2,129,100 |
| 10/12/2024 | 10,000 | 214.06 | 2,140,600 |
| 11/12/2024 | 10,000 | 211.41 | 2,114,100 |
| Accumulated | 276,500 | 216.31 | 59,809,890 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 276,500 at a total amount of DKK 59,809,890.
With the transactions stated above, NORDEN holds a total of 1,973,478 treasury shares, corresponding to 6.17%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 30,026,522.
During the same period (4/12-24 - 11/12-24) major shareholder, Motortramp A/S, has sold 17,476 shares. Please see announcement no. 237/24 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