Norden : Dampskibsselskabet NORDEN A/S weekly report on share buy back
May 17, 2024 at 03:39 am EDT
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Published: 2024-05-17 09:35:03 CEST
NORDEN
Changes in company's own shares
Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 111 - 17 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
72,000
294.16
21,179,560
06/05/2024
12,000
292.38
3,508,560
07/05/2024
12,000
294.86
3,538,320
08/05/2024
10,000
302.88
3,028,800
13/05/2024
6,000
320.46
1,922,760
14/05/2024
6,000
329.43
1,976,580
15/05/2024
5,000
332.69
1,663,450
16/05/2024
5,000
332.73
1,663,650
Accumulated
128,000
300.64
38,481,680
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 128,000 at a total amount of DKK 38,481,680.
With the transactions stated above, NORDEN holds a total of 1,006,701 treasury shares, corresponding to 3.15%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,993,299.
During the same period (6/5-24 -16/5-24) major shareholder, Motortramp A/S, has sold 17,619 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
Attachments:
Appendix.pdf
No. 111 Weekly report on share buy-back.pdf
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Dampskibsselskabet Norden A/S is a Denmark-based shipping company engaged in the provision of global tramp shipping services. Its operations are divided into two business segments: Dry Cargo and Tankers. The Dry Cargo business segment operates Handymax and Panamax dry cargo vessels, as well as has activities in the Handysize, Post-Panamax and Capesize vessel types. The Tankers business segment operates Medium Range (MR) and Handysize product tankers. The Company has offices in Denmark, Singapore, China, India, the United States and Brazil, as well as offices at shipyards in Asia. The Company's subsidiaries are Norden Shipping singapore Pte Ltd, NORDEN Tankers & Bulkers USA Inc., NORDEN Tankers & Bulkers do Brazil Ltda. and Nortide Shipping III Ltd.
NORDEN 
