ANNOUNCEMENT NO.169 - 17 JULY 2026
On 7 May 2026, 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 May 2026 up to and including no later than 6 August 2026. For details, please see announcement no. 109 of 6 May 2026.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 25 million (approximately DKK 159 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 372,000 | 307.07 | 114,231,700 |
| 10/07/2026 | 6,000 | 310.85 | 1,865,100 |
| 13/07/2026 | 4,000 | 320.14 | 1,280,560 |
| 14/07/2026 | 5,000 | 324.54 | 1,622,700 |
| 15/07/2026 | 5,000 | 332.35 | 1,661,750 |
| 16/07/2026 | 5,000 | 331.34 | 1,656,700 |
| Accumulated | 397,000 | 308.11 | 122,318,510 |
Since the share buy-back programme was initiated on 7 May 2026, the total number of repurchased shares is 397,000 at a total amount of DKK 122,318,510.
With the transactions stated above, NORDEN holds a total of 2,320,025 treasury shares, corresponding to 7.73 %. The total number of shares in NORDEN is 30,000,000. Adjusted for treasury shares, the number of shares is 27,679,975.
During the same period (10/07-26 - 16/07-26), major shareholder, Motortramp A/S, has sold 7,575 shares. Please see announcement no. 110/2026 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