ANNOUNCEMENT NO. 95 – 19 MAY 2025
On 2 May 2025, 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 May 2025 up to and including no later than 7 August 2025. For details, please see announcement no. 83 of 1 May 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 7 million (approximately DKK 46 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 28,500 | 189.87 | 5,411,385 |
| 12/05/2025 | 4,000 | 195.17 | 780,680 |
| 13/05/2025 | 3,500 | 200.12 | 700,420 |
| 14/05/2025 | 3,300 | 205.37 | 677,721 |
| 15/05/2025 | 3,300 | 204.44 | 674,652 |
| 16/05/2025 | 3,300 | 206.80 | 682,440 |
| Accumulated | 45,900 | 194.49 | 8,927,298 |
Since the share buy-back programme was initiated on 2 May 2025, the total number of repurchased shares is 45,900 at a total amount of DKK 8,927,298.
With the transactions stated above, NORDEN holds a total of 1,765,004 treasury shares, corresponding to 5.69%. The total number of shares in NORDEN is 31,000,000. Adjusted for treasury shares, the number of shares is 29,234,996.
During the same period (12/5-25 - 16/5-25), major shareholder, Motortramp A/S, has sold 5,322 shares. Please see announcement no. 84/2025 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information:
Therese Möllevinge, Head of Investor Relations, tel.: +45 41 37 16 38, e-mail: thm@norden.com
Isabella Zaugg Hansen, Investor Relations Manager, tel.: +45 27 62 90 96, e-mail: izh@norden.com
