ANNOUNCEMENT NO. 203 – 16 SEPTEMBER 2024
On 9 August 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 9 August 2024 up to and including no later than 23 October 2024. For details, please see announcement no. 171 of 8 August 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 14 million (approximately DKK 95 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 202,000 | 275.45 | 55,639,990 |
| 09/09/2024 | 13,000 | 258.30 | 3,357,900 |
| 10/09/2024 | 13,000 | 255.54 | 3,322,020 |
| 11/09/2024 | 13,000 | 254.64 | 3,310,320 |
| 12/09/2024 | 10,000 | 258.64 | 2,586,400 |
| 13/09/2024 | 9,000 | 262.81 | 2,365,290 |
| Accumulated | 260,000 | 271.47 | 70,581,920 |
Since the share buy-back programme was initiated on 9 August 2024, the total number of repurchased shares is 260,000 at a total amount of DKK 70,581,920.
With the transactions stated above, NORDEN holds a total of 1,610,876 treasury shares, corresponding to 5.03%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,389,124.
During the same period (9/9-24 - 13/9-24) major shareholder, Motortramp A/S, has sold 17,979 shares. Please see announcement no. 173/24 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Martin Badsted, Chief Financial Officer, tel.: +45 33 42 05 26, e-mail: mba@norden.com
