Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 17 - 21 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 | 371,900 | 213.15 | 79,270,022 |
| 14/1/2025 | 1,200 | 225.83 | 270,996 |
| 15/1/2025 | 4,000 | 222.86 | 891,440 |
| 16/1/2025 | 4,000 | 220.17 | 880,680 |
| 17/1/2025 | 4,000 | 210.70 | 842,800 |
| 20/1/2025 | 4,000 | 209.80 | 839,200 |
| Accumulated | 389,100 | 213.30 | 82,995,138 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 389,100 at a total amount of DKK 82,995,138.
With the transactions stated above, NORDEN holds a total of 2,086,078 treasury shares, corresponding to 6.52%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,913,922.
During the same period (14/1-25 - 20/1-25) major shareholder, Motortramp A/S, has sold 5,273 shares. Please see announcement no. 237/24 and daily reporting.
This concludes the share buy-back.
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