NORDEN sells shares in connection with buy-back program
Dampskibsselskabet NORDEN A/S announced today that managers and closely related parties continue to sell shares pro rata in connection with the company's ongoing share buy-back program.
Dampskibsselskabet NORDEN A/S has announced continued share sales linked to its active share buy-back program.
The sales involve shares held by the company's managers and their closely related parties. These transactions are being conducted on a pro rata basis, meaning the volume of sales is proportional to the overall size of the buy-back initiative. This procedure aligns with previous disclosures made in announcements no. 108/2026 and 109/2026.
For NORDEN, a company specializing in maritime transport and logistics, such share transactions can influence market perception regarding management's view on the company's valuation and future prospects. Share buy-back programs generally signal that a company believes its own stock is undervalued.
The ongoing sales follow the previously communicated strategy by A/S Motortramp to divest shares relative to the buy-back program. Specific details concerning these transactions are available in an attached file. CFO Martin Badsted confirmed the announcement.