Dampskibsselskabet NORDEN A/S, the Copenhagen-based international shipping company, has disclosed that major shareholder A/S Motortramp is continuously selling shares on a pro-rata basis in connection with NORDEN's active share buy-back programme. The transaction, reported under Company Announcement no. 259/2026 dated 6 November 2026, is designed to allow A/S Motortramp to maintain its current ownership at just under 32% of NORDEN's total share capital. The disclosure was made pursuant to rules governing transactions by persons discharging managerial responsibilities, and investors in the Danish-listed dry cargo and tanker operator will be watching whether further pro-rata sales follow as the buy-back continues.

Key Points

  • Dampskibsselskabet NORDEN A/S (ticker: 0HDP), a Danish international shipping group operating in dry cargo and product tanker markets
  • A/S Motortramp is selling NORDEN shares pro rata in connection with NORDEN's ongoing share buy-back programme to maintain its ownership stake
  • A/S Motortramp's current ownership is disclosed as just under 32% of NORDEN's share capital; full transaction details are attached to the announcement as referenced in filing no. 259/2026
  • Investors should monitor subsequent company announcements for further pro-rata disposals as the buy-back programme progresses

A/S Motortramp's Pro-Rata Share Sales Linked to NORDEN's Active Buy-Back Programme

The announcement states that A/S Motortramp's ongoing share sales are directly tied to NORDEN's previously disclosed buy-back programme, referenced in Company Announcement no. 252/2026. By selling shares in proportion to the volume being repurchased by NORDEN itself, A/S Motortramp is managing its percentage ownership so that it remains at just under 32% of the total share capital. This approach means that as NORDEN reduces its total shares in issue through repurchases, A/S Motortramp avoids an involuntary increase in its proportional stake, keeping its holding stable relative to the shrinking share count.

Regulatory Disclosure Obligations for NORDEN's Major Shareholder Transactions

The filing is categorised as a notification of transactions by persons discharging managerial responsibilities and closely related persons, reflecting the regulatory obligations placed on significant shareholders and connected parties under Danish and applicable EU market rules. NORDEN, whose full corporate name is Dampskibsselskabet NORDEN A/S, has committed to informing the market continuously as these pro-rata disposals occur throughout the duration of the buy-back programme. The announcement was signed by Anne Sofie Staunsbaek Veyhe in her capacity as CFO, with investor relations contact Therese Möllevinge available for further enquiries.

NORDEN's Shipping Operations and the Context of Its Share Buy-Back Strategy

NORDEN is an established international shipping operator with activities spanning dry cargo and product tanker segments, serving global commodity and energy markets. Share buy-back programmes in the shipping sector are commonly used to return capital to shareholders when fleet cash generation is strong, and they can affect the ownership structure of large existing shareholders such as A/S Motortramp. The company did not disclose the total value or remaining size of the buy-back programme in this particular announcement, and investors seeking that detail are directed to the earlier filing no. 252/2026.