Dampskibsselskabet NORDEN A/S continues share buy-back program

Shipping company Dampskibsselskabet NORDEN A/S has continued its program for repurchasing its own shares, operating under European Union regulations. The program commenced on May 7, 2026, enabling the company to buy back its stock from the market.

The buy-back initiative is part of the company's broader financial strategy and is scheduled to run until August 6, 2026. NORDEN previously disclosed the specific details of this program in early May. Under this program, the company intends to acquire shares up to a maximum aggregate value of USD 25 million.

This total amount is approximately DKK 159 million. The share repurchases are being conducted in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse (MAR), and Commission Delegated Regulation (EU) 2016/1052, commonly known as the Safe Harbour regulation. These regulations set the framework within which companies can execute share buy-backs without distorting the market.

NORDEN is providing weekly reports on the progress of the buy-back program. Further details and updates are available through the company's official announcements.