ANNOUNCEMENT NO. 169 - 26 JULY 2024
On 25 April 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 26 April 2024 up to and including no later than 1 August 2024. For details, please see announcement no. 96 of 25 April 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 21 million (approximately DKK 145 million). Under the programme, the following transactions have been made:
|
Date
|
Number of shares
|
Average purchase price (DKK)
|
Transaction value (DKK)
|
|
Total, last announcement
|
450,000
|
307.28
|
138,275,850
|
|
22/07/2024
|
8,000
|
300.50
|
2,404,000
|
|
23/07/2024
|
8,000
|
305.33
|
2,442,640
|
|
24/07/2024
|
6,175
|
303.87
|
1,876,397
|
|
Accumulated
|
472,175
|
304.25
|
144,998,887
|
Since the share buy-back programme was initiated on 26 April 2024, the total number of repurchased shares is 472,175 at a total amount of DKK 144,998,887.
With the transactions stated above, NORDEN holds a total of 1,350,876 treasury shares, corresponding to 4.22%. The total number of shares in NORDEN is 32,000,000 million. Adjusted for treasury shares, the number of shares is 30,649,124.
During the same period (22/7-24 -26/7-24) major shareholder, Motortramp A/S, has sold 6,997 shares. Please see announcement no. 97/24 and daily reporting.
This concludes the share buy-back.
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: [email protected]
Dampskibsselskabet NORDEN A/S