Norden completes share buy-back worth about DKK 162 million
Danish shipping company Norden has finished its share buy-back, repurchasing 430,200 shares, according to a notice reported by TradingView.
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what happened
Dampskibsselskabet NORDEN A/S has completed its share buy-back programme, according to a company announcement dated 22 October 2026 and published by TradingView. The programme began on 14 August 2026 and allowed purchases of shares for up to USD 25 million, roughly DKK 162 million.
In total, 430,200 shares were bought back for DKK 161,986,470, at an average price of DKK 376.54 per share. After the final transactions, Norden holds 2,855,445 treasury shares, or 9.52% of its 30,000,000 shares. Adjusted for treasury shares, 27,144,555 shares remain outstanding.
Major shareholder Motortramp A/S sold 14,686 shares during the period from 16 to 21 October 2026.
why it matters
The end of a buy-back is usually a routine event that does not directly change the company's position. Still, treasury holdings of about 9.5% reduce the number of shares in circulation, which matters for per-share earnings calculations. Investors may also note the sales by the major shareholder in the programme's final days.
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sources
- Dampskibsselskabet NORDEN A/S – final weekly report on share buy-back — TradingView, 22 October 2026 at 08:06 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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