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NORDEN to commence share buy-back programme

Published by , 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.

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