Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 10 - 14 JANUARY 2025
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). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 364,500 | 212.95 | 77,620,640 |
| 6/1/2025 | 1,000 | 226.32 | 226,320 |
| 7/1/2025 | 1,200 | 224.45 | 269,340 |
| 8/1/2025 | 1,200 | 221.20 | 265,440 |
| 9/1/2025 | 1,400 | 217.22 | 304,108 |
| 10/1/2025 | 1,400 | 221.35 | 309,890 |
| 13/1/2025 | 1,200 | 228.57 | 274,284 |
| Accumulated | 371,900 | 213.15 | 79,270,022 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 371,900 at a total amount of DKK 79,270,022.
With the transactions stated above, NORDEN holds a total of 2,068,878 treasury shares, corresponding to 6.47%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,931,122.
During the same period (6/1-25 - 13/1-25) major shareholder, Motortramp A/S, has sold 2,269 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