Dampskibsselskabet NORDEN A/S, the Copenhagen-listed international shipping and logistics operator, has published its first weekly update on a share buy-back programme launched on 30 October 2026. In the five trading days to 5 November 2026, NORDEN repurchased 29,500 shares at an accumulated average price of DKK 374.76, totalling DKK 11,055,300. The programme, conducted under EU Market Abuse Regulation and the Safe Harbour framework, authorises repurchases of up to USD 15 million and runs until no later than 4 February 2027.

Key Points

  • Dampskibsselskabet NORDEN A/S (0HDP), a Danish-listed international shipping and logistics company
  • NORDEN repurchased 29,500 shares totalling DKK 11,055,300 in the programme's first week
  • The full programme authorises up to USD 15 million (approximately DKK 100 million) in share repurchases, running to 4 February 2027
  • Major shareholder Motortramp A/S sold 8,661 shares during the same period, 30 October to 5 November 2026

NORDEN's USD 15 Million Buy-Back: Daily Transaction Volumes and Average Prices for 30 October to 5 November 2026

Daily purchase volumes increased steadily across the opening week of the programme. NORDEN bought 5,500 shares on 30 October at an average of DKK 378.45, followed by 4,500 shares on 2 November at DKK 381.10. Purchases then continued at 5,500 shares on 3 November at DKK 377.93, 6,500 shares on 4 November at DKK 374.09, and 7,500 shares on 5 November at DKK 366.49. The average purchase price across all five sessions was DKK 374.76 per share, with total consideration reaching DKK 11,055,300 for the week.

NORDEN Treasury Share Position Reaches 9.62% of Total Share Capital After Opening Week of Repurchases

Following the transactions disclosed in this weekly report, NORDEN holds 2,884,945 treasury shares, representing 9.62% of its total share capital of 30,000,000 shares. Adjusted for treasury shares, the free float stands at 27,115,055 shares. The buy-back is being conducted in compliance with Regulation No. 596/2014 of the European Parliament and Council dated 16 April 2014, and Commission Delegated Regulation (EU) 2016/1052. Full programme details were originally set out in company announcement no. 252 of 30 October 2026.

Motortramp A/S Sells 8,661 NORDEN Shares During the Same Period as the Buy-Back Programme Opens

Concurrently with NORDEN's own repurchase activity, major shareholder Motortramp A/S sold 8,661 NORDEN shares during the period from 30 October to 5 November 2026, as disclosed in announcement no. 253/2026 and subsequent daily reporting. The announcement does not provide the price at which Motortramp A/S conducted its sales, nor does it indicate any change in Motortramp's overall strategic position. Investors may find the combination of corporate buy-back activity and a concurrent sale by a named major shareholder a noteworthy development to follow as the programme continues through to February 2027.