Dampskibsselskabet NORDEN A/S – weekly report on share buy-back
ANNOUNCEMENT NO. 67 – 31 MARCH 2025
On 7 February 2025, 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 February 2025 up to and including no later than 24 April 2025. For details, please see announcement no. 20 of 6 February 2025.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 18 million (approximately DKK 128 million). The following transactions have been made under the programme:
|
Date |
Number of shares |
Average purchase price (DKK) |
Transaction value (DKK) |
|
Total, last announcement |
487,000 |
190.39 |
92,720,280 |
|
24/03/2025 |
8,000 |
193.90 |
1,551,200 |
|
25/03/2025 |
8,000 |
193.72 |
1,549,760 |
|
26/03/2025 |
11,000 |
190.13 |
2,091,430 |
|
27/03/2025 |
20,000 |
181.87 |
3,637,400 |
|
28/03/2025 |
20,000 |
180.28 |
3,605,600 |
|
Accumulated |
554,000 |
189.81 |
105,155,670 |
Since the share buy-back programme was initiated on 7 February 2025, the total number of repurchased shares is 554,000 at a total amount of DKK 105,155,670.
With the transactions stated above, NORDEN holds a total of 2,583,791 treasury shares, corresponding to 8.07%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,416,209.
During the same period (24/3-25 - 28/3-25) major shareholder, Motortramp A/S, has sold 20,294 shares. Please see announcement no. 22/2025 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: [email protected]
Isabella Zaugg Hansen, Investor Relations Manager, tel.: +45 27 62 90 96, e-mail: [email protected]