ANNOUNCEMENT NO.115 - 13 MAY 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 | 0 | 0 | 0 |
| 07/05/2026 | 8,000 | 316.89 | 2,535,120 |
| 08/05/2026 | 6,000 | 311.94 | 1,871,640 |
| 11/05/2026 | 6,000 | 312.08 | 1,872,480 |
| 12/05/2026 | 6,000 | 316.84 | 1,901,040 |
| Accumulated | 26,000 | 314.63 | 8,180,280 |
Since the share buy-back programme was initiated on 7 May 2026, the total number of repurchased shares is 26,000 at a total amount of DKK 8,180,280.
With the transactions stated above, NORDEN holds a total of 1,950,112 treasury shares, corresponding to 6.50 %. The total number of shares in NORDEN is 30,000,000. Adjusted for treasury shares, the number of shares is 28,049,888.
During the same period (07/05-26 - 12/05-26), major shareholder, Motortramp A/S, has sold 7,878 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