Dampskibsselskabet NORDEN A/S (0HDP), the Copenhagen-based international shipping company, has disclosed that A/S Motortramp is continuously selling shares on a pro rata basis in connection with NORDEN's ongoing share buy-back programme. The sales are structured to preserve A/S Motortramp's ownership at just under 32% of NORDEN's total shares. The disclosure was made under Company Announcement no. 261/2026, dated 10 November 2026, and relates to obligations under managers' transactions reporting rules. Investors following NORDEN's capital structure will note that this arrangement is consistent with the previously announced programme referenced in announcement no. 252/2026.

Key Points

  • Dampskibsselskabet NORDEN A/S (0HDP), a Danish international shipping group
  • A/S Motortramp is selling NORDEN shares pro rata to participate in the company's active share buy-back programme
  • A/S Motortramp's ownership is being maintained at just under 32% of NORDEN's total share capital
  • Investors should monitor further transaction notifications as the buy-back programme continues

A/S Motortramp Sells Pro Rata to Hold Stake Just Below 32% of NORDEN

A/S Motortramp, a closely related party participating in NORDEN's share buy-back programme, is selling shares in proportion to the buy-back in order to maintain its ownership at just under 32% of the total shares in Dampskibsselskabet NORDEN A/S. The announcement states that this is an ongoing, continuous process aligned with the structure of the buy-back programme. By selling shares pro rata, A/S Motortramp avoids any unintended increase in its proportional stake that would otherwise result from NORDEN repurchasing and cancelling its own shares in the open market.

NORDEN's Share Buy-Back Programme: Background and Disclosure Obligations

NORDEN's share buy-back programme was previously communicated to the market via announcement no. 252/2026, to which the current notification refers. The disclosure of A/S Motortramp's transactions is made in accordance with requirements governing notifications of managers' and closely related persons' dealings in company shares. NORDEN, which operates in the dry cargo and product tanker shipping markets, is headquartered in Denmark and listed internationally. The CFO, Anne Sofie Staunsbaek Veyhe, is named as the responsible signatory on this company announcement, with transaction documentation attached to the filing.

Transaction Detail and Attached Documentation for Investor Review

The announcement confirms that formal transaction documentation — specifically a Managers' Transactions file — was attached to Company Announcement no. 261/2026. This filing satisfies regulatory requirements for transparency around dealings by persons discharging managerial responsibilities and their closely related parties. The specific volume of shares sold and the transaction value were not separately itemised within the main text of the announcement; investors seeking full transaction-level detail are directed to the attached file. The company did not disclose the aggregate consideration received by A/S Motortramp in connection with these sales within the announcement text itself.