NORDEN to commence share buy-back programme
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
The Board of Directors at NORDEN Shipping has decided to carry out a share buy-back of up to a total of US$10 million (approximately DKK 66 million).
The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors, which entitles NORDEN to acquire treasury shares at a nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to 10%. This authorisation was most recently renewed at NORDEN’s general meeting on 12 April 2018.
Read the article online at: https://www.drybulkmagazine.com/shipping/08112018/norden-commences-share-buy-back-programme/
You might also like
Icon Energy Corp. announces share repurchase programme
Icon Energy Corp announce that its Board of Directors has authorised a programme under which the Company may, from time to time, repurchase up to an aggregate of US$1 million of its outstanding common shares through December 31, 2026.