Dampskibsselskabet NORDEN A/S, the Copenhagen-based international shipping and logistics operator, has issued Company Announcement no. 263/2026 dated 12 November 2026, confirming that major shareholder A/S Motortramp is selling shares on a pro-rata basis in connection with NORDEN's ongoing share buy-back programme. The disclosure is a notification of transactions by persons discharging managerial responsibilities, as required under applicable securities regulation. A/S Motortramp's pro-rata participation is designed to preserve its current ownership level of just under 32% of shares in NORDEN as the buy-back reduces the total share count. Investors tracking significant shareholder activity in the Danish shipping sector will note this transaction as part of an already-announced programme referenced in announcement no. 252/2026.

Key Points

  • Dampskibsselskabet NORDEN A/S (ticker: 0HDP), a leading Danish shipping company listed in the UK under an overseas security reference
  • A/S Motortramp is selling NORDEN shares pro rata alongside the company's active share buy-back programme to hold its stake at just under 32%
  • The transaction forms part of the buy-back programme previously disclosed in announcement no. 252/2026; specific share volumes and transaction values are detailed in the attached regulatory filing
  • Investors should monitor further announcements as A/S Motortramp continues pro-rata disposals for the duration of the buy-back programme

A/S Motortramp Sells Pro Rata to Hold Just Under 32% of NORDEN Shares

A/S Motortramp, a closely related party to NORDEN's management structure, is participating in the company's share buy-back programme by selling shares on a proportional basis. The purpose of these ongoing pro-rata sales is to ensure that A/S Motortramp's ownership percentage in Dampskibsselskabet NORDEN A/S remains at just under 32% of total shares in issue. As NORDEN repurchases its own shares and the overall share count decreases, A/S Motortramp must sell a corresponding portion of its holding to avoid its relative stake increasing beyond its stated target level. The specific volumes transacted are set out in the regulatory attachment filed alongside announcement no. 263/2026.

NORDEN's Buy-Back Programme and Its Structural Context for Shareholders

Dampskibsselskabet NORDEN A/S operates as an international tramp shipping and logistics business, active across dry cargo and tanker markets globally. The company's current share buy-back programme was initially disclosed to the market under announcement no. 252/2026, establishing the framework under which both NORDEN and connected parties such as A/S Motortramp must report their respective transactions. Buy-back programmes of this nature are a recognised capital management tool in the shipping sector, allowing companies to return value to shareholders while managing their capital structure in line with prevailing freight market conditions and balance sheet priorities.

Regulatory Disclosure Filed by CFO Anne Sofie Staunsbaek Veyhe

The announcement was issued under the signature of Anne Sofie Staunsbaek Veyhe, CFO of Dampskibsselskabet NORDEN A/S, fulfilling the company's obligation to notify the market of transactions conducted by persons discharging managerial responsibilities and closely related parties. Investor relations enquiries have been directed to Therese Möllevinge, Head of Investor Relations, and communications queries to Lasse Lilholt Raahauge, Head of Communications. The attached document, titled "Managers Transactions Etc," contains the full transaction detail required under relevant disclosure obligations and should be reviewed alongside the primary announcement for a complete picture of the reported activity.