Dampskibsselskabet NORDEN A/S Continues Share Buy-Back Program
Dampskibsselskabet NORDEN A/S is continuing its share buy-back program, initiated on May 7, 2026, and set to conclude by August 6, 2026. The program allows for the purchase of shares up to a total value of USD 25 million.
Maritime company Dampskibsselskabet NORDEN A/S is proceeding with its share buy-back program, originally launched on May 7, 2026. The program is scheduled to run until August 6, 2026, and is designed to enhance shareholder value.
The buy-back activities are conducted in compliance with EU Regulation No. 596/2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, commonly known as the "Safe Harbour" regulation. This framework allows the company to repurchase shares for specific purposes, including managing employee incentive schemes.
The total allocated amount for the share buy-back program is capped at USD 25 million, equivalent to approximately DKK 159 million. The program's objective is to manage the company's capital structure effectively and to offset the dilution effects of outstanding share options.
NORDEN provides weekly updates on the progress of the buy-back program. The latest report, announcement number 163, was issued on July 10, 2026. Further details regarding the program's initiation and structure can be found in announcement number 109, dated May 6, 2026.