Dampskibsselskabet NORDEN A/S: Managers and related parties sell shares amid buy-back program
Dampskibsselskabet NORDEN A/S announced that its managers and closely related parties are selling shares in connection with the company's share buy-back program. The sales occur proportionally to the buy-back activities.
Dampskibsselskabet NORDEN A/S has announced that its managers and closely related parties are selling shares of the company as part of an ongoing share buy-back program. The sales are continuous and are being conducted on a pro rata basis relative to the shares being bought back.
The share sales are linked to the company's previously communicated share buy-back initiative. The announcement does not specify the exact number or value of shares being sold, but confirms the ongoing and proportional nature of the transactions.
NORDEN A/S is an international shipping company focused on dry bulk and tanker transport. The company has previously issued announcements regarding its share repurchase programs and related party transactions.
The company's CFO, Martin Badsted, confirmed the details of the transactions. Further information is available through Therese Möllevinge, Head of Investor Relations.