Weekly report on share buy-back 193/2023

10/11/2023

On 2 November 2023, 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 2 November 2023 up to and including no later than 31 January 2024. For details, please see announcement no. 186 of 2 November 2023.

Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 210 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

0.00

0

02/11/2023

4,000

389.67

1,558,680

03/11/2023

21,000

353.72

7,428,120

06/11/2023

15,000

331.35

4,970,250

07/11/2023

15,000

316.55

4,748,250

08/11/2023

18,000

308.59

5,554,620

09/11/2023

18,000

305.54

5,499,720

Accumulated

91,000

327.03

29,759,640

Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 91,000 at a total amount of DKK 29,759,640.

With the transactions stated above, NORDEN holds a total of 2,035,412 treasury shares, corresponding to 5.99%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,964,588.

During the same period (2/11-9/11) major shareholder, Motortramp A/S, has sold 27,771 shares. Please see announcement no. 187/23 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

Announcement no. 193/2023

Appendix no.1 193/2023