Dampskibsselskabet NORDEN A/S (0HDP), the Danish shipping and logistics company, has published its weekly update on its ongoing share buy-back programme, confirming it has repurchased a cumulative 68,500 shares at a total cost of DKK 25,007,410 since the programme launched on 30 October 2026. The programme, structured under EU Market Abuse Regulation (MAR) and the Safe Harbour regulation, authorises NORDEN to spend up to USD 15 million (approximately DKK 100 million) on share repurchases. Investors will note that major shareholder Motortramp A/S sold 11,451 shares during the same reporting week, a development separately disclosed under announcement no. 253/2026.

Key Points

  • Dampskibsselskabet NORDEN A/S (0HDP), listed Danish shipping company
  • NORDEN has accumulated 68,500 repurchased shares at a total of DKK 25,007,410 under its active buy-back programme
  • Programme runs from 30 October 2026 to no later than 4 February 2027; total authorised spend up to USD 15 million
  • Investors should watch the pace of repurchases relative to the USD 15 million cap and any further Motortramp A/S share sales

NORDEN's Weekly Buy-Back Transactions Between 6 and 12 November 2026

During the week covered by this announcement, NORDEN purchased 8,000 shares on each of four trading days — 6, 9, 10, and 11 November 2026 — and 7,000 shares on 12 November 2026, bringing the week's total to 39,000 shares. Average daily purchase prices ranged from DKK 350.98 on 10 November to DKK 360.61 on 12 November 2026. The accumulated average purchase price across all 68,500 shares repurchased since the programme began stands at DKK 365.07, with total cumulative spend reaching DKK 25,007,410 by the close of the reporting period.

Treasury Share Position and NORDEN's Total Share Capital Following Repurchases

Following the transactions disclosed in this update, NORDEN holds a total of 2,923,945 treasury shares, equating to 9.75% of its total share capital. The company's total issued share count stands at 30,000,000 shares. Adjusted for treasury shares held, the freely circulating share count is 27,076,055. The accumulation of treasury shares through this programme reduces the effective float available to outside investors, a factor that investors in Danish-listed shipping equities often monitor closely in relation to future capital allocation decisions.

Motortramp A/S Sells 11,451 NORDEN Shares During the Same Reporting Week

The announcement also discloses that Motortramp A/S, a major shareholder in NORDEN, sold 11,451 shares during the period from 6 to 12 November 2026. This activity was separately reported under announcement no. 253/2026 and through daily reporting. The simultaneous occurrence of a company buy-back and a major shareholder disposal during the same week is a data point investors may wish to monitor, though the announcement provides no commentary on the motivation behind Motortramp A/S's decision to reduce its holding during this period.

Programme Structure and Regulatory Framework Governing NORDEN's Repurchases

The buy-back programme operates under Regulation No. 596/2014 of the European Parliament and Council, commonly known as MAR, alongside Commission Delegated Regulation (EU) 2016/1052, the Safe Harbour regulation. These frameworks set out the conditions under which companies may conduct repurchases without triggering insider dealing or market manipulation concerns. The programme is scheduled to run until no later than 4 February 2027, with NORDEN authorised to spend up to USD 15 million in aggregate. The announcement was signed by Chairman Klaus Nyborg.