Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 262 - 4 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). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 157,500 | 219.61 | 34,588,960 |
| 26/11/2024 | 9,000 | 216.47 | 1,948,230 |
| 27/11/2024 | 12,000 | 207.52 | 2,490,240 |
| 28/11/2024 | 11,000 | 210.37 | 2,314,070 |
| 29/11/2024 | 10,000 | 211.43 | 2,114,300 |
| 02/12/2024 | 10,000 | 210.09 | 2,100,900 |
| 03/12/2024 | 10,000 | 212.60 | 2,126,000 |
| Accumulated | 219,500 | 217.23 | 47,682,700 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 219,500 at a total amount of DKK 47,682,700.
With the transactions stated above, NORDEN holds a total of 1,916,478 treasury shares, corresponding to 5.99%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 30,083,522.
During the same period (26/11-24 - 3/12-24) major shareholder, Motortramp A/S, has sold 19,009 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