DAMPSKIBSSELSKABET NORDEN A/S - weekly report on share buy-back
ANNOUNCEMENT NO. 257 - 5 DECEMBER 2022
On 3 November 2022, 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 3 November 2022 up to and including no later than 7 February 2023. For details, please see announcement no. 230 of 3 November 2022.
Under the share buy-back programme, NORDEN will purchase shares for up to a total of USD 50 million (approximately DKK 380 million). Under the programme, the following transactions have been made:
Date Number Average purchase price (DKK) Transaction value (DKK)
of
shares
Total, last 307,000 351.40 107,878,990
announcement
28/11/2022 19,000 355.12 6,747,280
29/11/2022 18,000 358.17 6,447,060
30/11/2022 15,000 366.07 5,491,050
01/12/2022 12,000 368.64 4,423,680
02/12/2022 12,000 367.41 4,408,920
Accumulated 383,000 353.52 135,396,980
Since the share buy-back programme was initiated on 3 November 2022, the total number of repurchased shares is 383,000 at a total amount of DKK 135,396,980.
With the transactions stated above, NORDEN holds a total of 3,074,012 treasury shares, corresponding to 8.31%. The total number of shares in NORDEN is 37,000,000 million. Adjusted for treasury shares, the number of shares is 33,925,988.
During the same period (28/11-2/12) major shareholder, Motortramp A/S, has sold 22,747 shares. Please see announcement no. 233/22 and daily reporting.
Kind regards,
Dampskibsselskabet NORDEN A/S
Klaus Nyborg
Chairman
For further information: Thomas France, Investor Communications Partner, tel.: 3315 0451