ANNOUNCEMENT NO. 103 - 6 MAY 2024

On 25 -april 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 26 April 2024 up to and including no later than 1 August 2024. For details, please see announcement no. 96 of 25 April 2024.

 

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 21 million (approximately DKK 145 million). Under the programme, the following transactions have been made:

 

Date

Number of shares

Average purchase price (DKK)

Transaction value (DKK)

 

Total, last announcement

0

0

0

26/04/2024

8,000

308.47

2,467,760

29/04/2024

12,000

299.02

3,588,240

30/04/2024

12,000

296.46

3,557,520

01/05/2024

14,000

287.99

4,031,860

02/05/2024

12,000

289.41

3,472,920

03/05/2024

14,000

290.09

4,061,260

Accumulated

72,000

294.16

21,179,560

 

Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 72,000 at a total amount of DKK 21,179,560.

 

With the transactions stated above, NORDEN holds a total of 950,701 treasury shares, corresponding to 2.97%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 31,049,299.

 

During the same period (26/4-24 -3/5-24) major shareholder, Motortramp A/S, has sold 22,654 shares. Please see announcement no. 97/24 and daily reporting.

 

Kind regards,

Dampskibsselskabet NORDEN A/S

 

Klaus Nyborg

Chairman


For further information:Stig Frederiksen, Head of Investor Relations, tel.: +45 32 71 08 55, e-mail: sfr@norden.com

https://news.cision.com/norden/r/dampskibsselskabet-norden-a-s---weekly-report-on-share-buy-back,c3973870

https://mb.cision.com/Public/21709/3973870/af77b61b2bc32bf3.pdf

https://mb.cision.com/Public/21709/3973870/b3dae7e61520b510.pdf

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