Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 54 - 17 MARCH 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 | 355,000 | 191.38 | 67,940,150 |
| 10/03/2025 | 17,000 | 186.96 | 3,178,320 |
| 11/03/2025 | 19,000 | 183.40 | 3,484,600 |
| 12/03/2025 | 17,000 | 184.54 | 3,137,180 |
| 13/03/2025 | 14,000 | 187.47 | 2,624,580 |
| 14/03/2025 | 14,000 | 186.54 | 2,611,560 |
| Accumulated | 436,000 | 190.31 | 82,976,390 |
Since the share buy-back programme was initiated on 7 February 2025, the total number of repurchased shares is 436,000 at a total amount of DKK 82,976,390.
With the transactions stated above, NORDEN holds a total of 2,465,791 treasury shares, corresponding to 7.71%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,534,209.
During the same period (10/3-25 - 14/3-25) major shareholder, Motortramp A/S, has sold 24,533 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