Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 248 - 18 NOVEMBER 2024
On 1 November 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 1 November 2024 up to and including no later than 22 January 2025. For details, please see announcement no. 235 of 31 October 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 12 million (approximately DKK 83 million). Under the programme, the following transactions have been made:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 49,500 | 224.97 | 11,136,010 |
| 11/11/2024 | 10,000 | 220.56 | 2,205,600 |
| 12/11/2024 | 10,000 | 214.31 | 2,143,100 |
| 13/11/2024 | 11,000 | 210.85 | 2,319,350 |
| 14/11/2024 | 9,000 | 215.75 | 1,941,750 |
| 15/11/2024 | 9,000 | 217.48 | 1,957,320 |
| Accumulated | 98,500 | 220.34 | 21,703,130 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 98,500 at a total amount of DKK 21,703,130.
With the transactions stated above, NORDEN holds a total of 1,795,478 treasury shares, corresponding to 5.61%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,204,522.
During the same period (11/11-24 - 15/11-24) major shareholder, Motortramp A/S, has sold 15,023 shares. Please see announcement no. 237/24 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