DAMPSKIBSSELSKABET NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 250 - 28 NOVEMBER 2022
On 3 November 2022, 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 3 November 2022 up to and including no later than 7 February 2023. For details, please see announcement no. 230 of 3 November 2022.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 50 million (approximately DKK 380 million). Under the programme, the following transactions have been made:
Date Number Average purchase price (DKK) Transaction value (DKK)
of
shares
Total, last 213,000 351.00 74,761,950
announcement
21/11/2022 18,000 355.68 6,402,240
22/11/2022 17,000 355.36 6,041,120
23/11/2022 17,000 357.04 6,069,680
24/11/2022 22,000 345.00 7,590,000
25/11/2022 20,000 350.70 7,014,000
Accumulated 307,000 351.40 107,878,990
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 307,000 at a total amount of DKK 107,878,990.
With the transactions stated above, NORDEN holds a total of 2,998,012 treasury shares, corresponding to 8.10%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 34,001,988.
During the same period (21/11-25/11) major shareholder, Motortramp A/S, has sold 28,135 shares. Please see announcement no. 233/22 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451