Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 277 - 20 DECEMBER 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). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 276,500 | 216.31 | 59,809,890 |
| 12/12/2024 | 10,000 | 205.86 | 2,058,650 |
| 13/12/2024 | 10,000 | 204.20 | 2,042,000 |
| 16/12/2024 | 10,000 | 199.70 | 1,997,000 |
| 17/12/2024 | 11,000 | 194.72 | 2,141,920 |
| 18/12/2024 | 9,000 | 200.67 | 1,806,030 |
| 19/12/2024 | 10,000 | 199.50 | 1,995,000 |
| Accumulated | 336,500 | 213.52 | 71,850,440 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 336,500 at a total amount of DKK 71,850,440.
With the transactions stated above, NORDEN holds a total of 2,033,478 treasury shares, corresponding to 6.35%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,966,522.
During the same period (12/12-24 - 19/12-24) major shareholder, Motortramp A/S, has sold 18,089 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