Dampskibsselskabet NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 61 - 24 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 | 436,000 | 190.31 | 82,976,390 |
| 17/03/2025 | 11,000 | 190.31 | 2,093,410 |
| 18/03/2025 | 11,000 | 193.28 | 2,126,080 |
| 19/03/2025 | 9,000 | 192.32 | 1,730,880 |
| 20/03/2025 | 8,000 | 190.69 | 1,525,520 |
| 21/03/2025 | 12,000 | 189.00 | 2,268,000 |
| Accumulated | 487,000 | 190.39 | 92,720,280 |
Since the share buy-back programme was initiated on 7 February 2025, the total number of repurchased shares is 487,000 at a total amount of DKK 92,720,280.
With the transactions stated above, NORDEN holds a total of 2,516,791 treasury shares, corresponding to 7.86%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,483,209.
During the same period (17/3-25 - 21/3-25) major shareholder, Motortramp A/S, has sold 15,448 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: thm@norden.com
Isabella Zaugg Hansen, Investor Relations Manager, tel.: +45 27 62 90 96, e-mail: izh@norden.com