Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 200 - 20 NOVEMBER 2023
On 2 November 2023, 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 2 November 2023 up to and including no later than 31 January 2024. For details, please see announcement no. 186 of 2 November 2023.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 30 million (approximately DKK 210 million). Under the programme, the following transactions have been made:
Date Number Average purchase price (DKK) Transaction value (DKK)
of
shares
Total, last 91,000 327,03 29,759,640
announcement
10/11/2023 22,000 304.53 6,699,660
13/11/2023 22,000 303.44 6,675,680
14/11/2023 20,000 298.94 5,978,800
15/11/2023 18,000 300.15 5,402,700
16/11/2023 19,000 297.06 5,644,140
17/11/2023 16,000 303.85 4,861,600
Accumulated 208,000 312.61 65,022,220
Since the share buy-back programme was initiated on 2 November 2023, the total number of repurchased shares is 208,000 at a total amount of DKK 65,022,220.
With the transactions stated above, NORDEN holds a total of 2,152,412 treasury shares, corresponding to 6.33%. The total number of shares in NORDEN is 34,000,000 million. Adjusted for treasury shares, the number of shares is 31,847,588.
During the same period (10/11-17/11) major shareholder, Motortramp A/S, has sold 35,705 shares. Please see announcement no. 187/23 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Stig Frederiksen, Head of Investor Relations, tel.: +45 32 71 08 55, e-mail: sfr@norden.com