ANNOUNCEMENT NO.175 - 24 JULY 2026
On 7 May 2026, 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 May 2026 up to and including no later than 6 August 2026. For details, please see announcement no. 109 of 6 May 2026.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 25 million (approximately DKK 159 million). The following transactions have been made under the programme:
| Date | Number of shares | Average purchase price (DKK) | Transaction value (DKK) |
| Total, last announcement | 397,000 | 308.11 | 122,318,510 |
| 17/07/2026 | 6,000 | 323.35 | 1,940,100 |
| 20/07/2026 | 6,000 | 318.37 | 1,910,220 |
| 21/07/2026 | 7,000 | 323.86 | 2,267,020 |
| 22/07/2026 | 7,000 | 329.99 | 2,309,930 |
| 23/07/2026 | 7,000 | 331.26 | 2,318,820 |
| Accumulated | 430,000 | 309.45 | 133,064,600 |
Since the share buy-back programme was initiated on 7 May 2026, the total number of repurchased shares is 430,000 at a total amount of DKK 133,064,600.
With the transactions stated above, NORDEN holds a total of 2,353,025 treasury shares, corresponding to 7.84 %. The total number of shares in NORDEN is 30,000,000. Adjusted for treasury shares, the number of shares is 27,646,975.
During the same period (17/07-26 - 23/07-26), major shareholder, Motortramp A/S, has sold 9,999 shares. Please see announcement no. 110/2026 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