Weekly report on share buy-back 200/2023

20/11/2023

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

91,000

327,03

29,759,640

10/11/2023

22,000

304.53

6,699,660

13/11/2023

22,000

303.44

6,675,680

14/11/2023

20,000

298.94

5,978,800

15/11/2023

18,000

300.15

5,402,700

16/11/2023

19,000

297.06

5,644,140

17/11/2023

16,000

303.85

4,861,600

Accumulated

208,000

312.61

65,022,220

Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 208,000 at a total amount of DKK 65,022,220.

With the transactions stated above, NORDEN holds a total of 2,152,412 treasury shares, corresponding to 6.33%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,847,588.

During the same period (10/11-17/11) major shareholder, Motortramp A/S, has sold 35,705 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. 200/2023

Appendix no.1 200/2023