ANNOUNCEMENT NO. 3 – 6 JANUARY 2025
On 1 November 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 1 November 2024 up to and including no later than 22 January 2025. For details, please see announcement no. 235 of 31 October 2024.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 12 million (approximately DKK 83 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 276,500 | 216.31 | 59,809,890 |
| 20/12/2024 | 9,000 | 196.79 | 1,771,110 |
| 23/12/2024 | 8,000 | 203.90 | 1,631,200 |
| 30/12/2024 | 8,000 | 213.04 | 1,704,320 |
| 2/1/2025 | 1,000 | 213.23 | 213,230 |
| 3/1/2025 | 1,000 | 222.25 | 222,250 |
| 6/1/2025 | 1,000 | 228.09 | 228,090 |
| Accumulated | 364,500 | 212.95 | 77,620,640 |
Since the share buy-back programme was initiated on 1 November 2024, the total number of repurchased shares is 364,500 at a total amount of DKK 77,720,640.
With the transactions stated above, NORDEN holds a total of 2,061,478 treasury shares, corresponding to 6.44%. The total number of shares in NORDEN is 32,000,000. Adjusted for treasury shares, the number of shares is 29,938,522.
During the same period (12/12-24 - 19/12-24) major shareholder, Motortramp A/S, has sold 8,893 shares. Please see announcement no. 237/24 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
