Danish shipping company D/S Norden is launching a share buyback programme of up to USD 15 million, equivalent to approximately DKK 100 million. A maximum of 600,000 shares may be repurchased during the period from 30 October this year to 4 February 2027.
The purpose is to adjust the capital structure and secure commitments under the employee incentive programme. Danske Bank is carrying out the buybacks.
The main shareholder Motortramp will sell shares proportionally to retain its ownership stake of just under 32 percent.
