ANNOUNCEMENT NO.121 - 22 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 | 26,000 | 314.63 | 8,180,280 |
| 13/05/2026 | 6,000 | 323.30 | 1,939,800 |
| 18/05/2026 | 6,000 | 323.16 | 1,938,960 |
| 19/05/2026 | 6,000 | 327.51 | 1,965,060 |
| 20/05/2026 | 6,000 | 323.52 | 1,941,120 |
| 21/05/2026 | 6,000 | 328.89 | 1,973,340 |
| Accumulated | 56,000 | 320.33 | 17,938,560 |
Since the share buy-back programme was initiated on 7 May 2026, the total number of repurchased shares is 56,000 at a total amount of DKK 17,938,560.
With the transactions stated above, NORDEN holds a total of 1,980,112 treasury shares, corresponding to 6.60 %. The total number of shares in NORDEN is 30,000,000. Adjusted for treasury shares, the number of shares is 29,019,888.
During the same period (13/05-26 - 21/05-26), major shareholder, Motortramp A/S, has sold 9,090 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