IR Policy

Investor relations communications

It is the aim of NORDEN that the price of shares reflects our actual and expected ability to generate shareholder value. This aim is strengthened through our continued delivery of timely, reliable, and relevant, easy accessible information and dialogue with our stakeholders about our strategy, results, and expectations.

Detailed reporting

NORDEN sends out quarterly reports and detailed Annual Report, which describes our strategy, operation, segments and financial results together with our expectations to the market conditions, and NORDENs earnings.

On an ongoing basis, NORDEN will adjust our fleet and long-term employment. Our fleet is described in detail here at website (dry cargo - tanker), and in our quarterly and annual reports we furthermore give a summary of the composition of our fleet, especially focusing on our own vessels, long-term chartered vessels with and without purchase options, together with own newbuilding program. Also, the employment of the known shipdays for the rest of the actual financial year is being updated in the quarterly reports.

The sale of vessels is being published, as soon as the deposit has been received. However, for contractual reasons NORDEN may neither publish the proceeds of individual sales, nor give detailed information of the transaction such as name of vessel, buyer, time of delivery etc.

Easy access to information

The Annual Report is published – as are the Stock Exchange announcements – in English and Danish. When published, reports, Stock Exchange announcements and presentations will be available here at our website.

Open dialogue

When quarterly and annual reports together with major events are published, NORDEN will invite to dialogue meetings with investors, analysts, and media. NORDEN will make these meetings and the presentations given accessible to all interested parties through our website.

All together, NORDEN seeks to maintain an open dialogue with our interested parties within the framework of the ethical Stock Exchange rules. However, NORDEN does not invite to information meetings and does not comment on results and expectations less than three weeks prior to publishing our quarterly reports (silent periods).

Through an active information policy, the Company seeks to ensure open dialogue with its shareholders. All shareholders are therefore advised to have their shares registered in the Company’s register of shareholders.

Stakeholder meetings

In recent years, NORDEN has increased the depth and volume of information released to the equity market. Since the spring of 2005, the Company has made webcasts of its presentations of interim reports and general meetings available to the general public on our website. The Company will continually strive to improve its information. In addition, the Management regularly holds meetings with analysts, investors and the media. 

 

Corporate Secretariat & Investor Relations
	Martin Badsted Senior Vice President, Corporate Secretariat Contact details
	Peter Sand Executive Assistant, Corporate Secretariat Contact details