Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 28 - 17 FEBRUARY 2025
On 7 February 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 7 February 2025 up to and including no later than 24 April 2025. For details, please see announcement no. 20 of 6 February 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 18 million (approximately DKK 128 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 0 | 0.00 | 0 |
| 07/02/2025 | 17,000 | 195.35 | 3,320,950 |
| 10/02/2025 | 17,000 | 193.94 | 3,296,980 |
| 11/02/2025 | 15,000 | 197.28 | 2,959,200 |
| 12/02/2025 | 18,000 | 191.92 | 3,454,560 |
| 13/02/2025 | 18,000 | 191.42 | 3,445,560 |
| 14/02/2025 | 18,000 | 191.63 | 3,449,340 |
| Accumulated | 103,000 | 193.46 | 19,926,590 |
Since the share buy-back programme was initiated on 7 February 2025, the total number of repurchased shares is 103,000 at a total amount of DKK 19,926,590.
With the transactions stated above, NORDEN holds a total of 2,132,791 treasury shares, corresponding to 6.66%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,867,209.
During the same period (7/2-25 - 14/2-25) major shareholder, Motortramp A/S, has sold 31,196 shares. Please see announcement no. 22/2025 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