NORDEN continues share buy-back program
Dampskibsselskabet NORDEN A/S has provided an update on its ongoing share buy-back program. The program runs until early August with a total value capped at USD 25 million.
Dampskibsselskabet NORDEN A/S has continued its share buy-back program, initiated on May 7, 2026. The company reported its latest progress under the program, which has a total maximum value of USD 25 million.
The program, conducted in compliance with EU Market Abuse Regulation (MAR) and "Safe Harbour" rules, is scheduled to conclude no later than August 6, 2026. This marks the third weekly report on the program's execution.
Prior to the program's launch, NORDEN announced its intention to repurchase shares up to a total amount of USD 25 million, approximately DKK 159 million. Details were made available in announcement number 109 on May 6, 2026.
The share buy-back initiative aims to reduce the company's share capital and potentially return capital to shareholders. NORDEN operates within the shipping industry, and share repurchases are a common tool for managing capital structure.