Dampskibsselskabet NORDEN A/S (ticker: 0HDP), the Danish shipping and commodity logistics company, has disclosed that major shareholder A/S Motortramp is selling shares on a pro-rata basis as part of NORDEN's ongoing share buy-back programme. The transaction is structured to allow A/S Motortramp to maintain its current ownership level of just under 32% of shares in NORDEN. The company published the update as Company Announcement no. 257/2026 on 5 November 2026, with an attached managers' transactions filing. Investors tracking the shareholder structure of NORDEN may note the deliberate preservation of Motortramp's proportional stake throughout the buy-back process.

Key Points

  • Dampskibsselskabet NORDEN A/S (0HDP) — Danish shipping and commodity logistics group
  • A/S Motortramp is selling NORDEN shares pro rata to stay at just under 32% ownership during the active buy-back programme
  • Announcement no. 257/2026 references the previously disclosed buy-back programme detailed in announcement no. 252/2026; exact transaction values were not disclosed in this announcement
  • Investors should watch for further pro-rata share sales by A/S Motortramp as the buy-back programme continues

A/S Motortramp Maintains Just Under 32% Stake Through Pro-Rata Sales Linked to NORDEN's Buy-Back

The announcement states that 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 pro-rata basis. This mechanism is designed specifically to preserve Motortramp's proportional ownership at just under 32% of NORDEN's total shares, preventing dilution or concentration as the buy-back reduces the overall share count. The disclosure was filed in connection with regulatory requirements governing transactions by persons discharging managerial responsibilities and closely related parties under Danish and European capital markets rules.

NORDEN's Share Buy-Back Programme: Background and Reference to Announcement No. 252/2026

The current share sales by A/S Motortramp are directly connected to NORDEN's broader buy-back programme, which was first communicated to the market via announcement no. 252/2026. NORDEN is a Copenhagen-headquartered international shipping operator active in dry cargo and product tanker markets, providing commodity transportation and logistics services globally. The buy-back programme represents a capital allocation decision by the company's board, and Motortramp's participation through pro-rata disposals reflects a structured approach to maintaining the established shareholder balance without triggering a change-of-control scenario or regulatory threshold breach.

CFO Anne Sofie Staunsbaek Veyhe Signs Off on Managers' Transactions Filing

The announcement was signed by Anne Sofie Staunsbaek Veyhe, Chief Financial Officer of Dampskibsselskabet NORDEN A/S, underscoring the formal regulatory nature of the disclosure. An attachment titled "No 257 Managers Transactions Etc" accompanies the announcement, containing the detailed transactions by persons discharging managerial responsibilities. Investors seeking further information were directed to Therese Möllevinge, Head of Investor Relations, and Lasse Lilholt Raahauge, Head of Communications. The specific number of shares sold and the transaction price were not disclosed within the body of this announcement.