Notification of managers’ and closely related parties’ transactions with Dampskibsselskabet NORDEN A/S’ shares in connection with share buy-back program

Dampskibsselskabet NORDEN A/S on 9 December 2025 issued Announcement No. 260 notifying the market of managers’ and closely related parties’ transactions in connection with its ongoing share buy-back program, stating that A/S Motortramp is continuously selling shares pro rata; the notice refers to earlier announcements nos. 227/2025 and 228/2025. Signed by CFO Martin Badsted, the release is an administrative disclosure to keep the market informed of insider/related‑party activity tied to the buy‑back; investor relations contact details were provided for further inquiries.

Analysis

Dampskibsselskabet NORDEN A/S issued Announcement No. 260 on 9 December 2025 notifying the market of managers’ and closely related parties’ transactions in connection with its ongoing share buy-back program; the release states that A/S Motortramp is continuously selling shares pro rata and refers to earlier announcements nos. 227/2025 and 228/2025. The notice is signed by CFO Martin Badsted and provides an investor-relations contact, indicating this is a formal compliance disclosure rather than a new strategic announcement.

The wording that A/S Motortramp "continuously sells shares pro rata" suggests the related-party activity is being executed in parallel with the buy-back program and recorded for market transparency. External sentiment metrics attached to the report classify the notice as neutral with a modest market-impact score (0.15), implying no immediate expectation of material price movement from the disclosure alone.

For investors, the key considerations are the cumulative scale and timing of the buy-back and related-party transactions, which will determine effects on free float, liquidity and per-share metrics once aggregated. Continued monitoring of subsequent buy-back progress reports and the referenced announcements is required to assess whether insider/related-party flows change governance or market-supply dynamics.

Key Decisions for Investors

• Monitor announcements nos. 227/2025 and 228/2025 and subsequent buy-back filings to quantify total repurchases and aggregated related-party transactions before changing position
• Maintain exposure for now given the neutral tone and low market-impact score but be prepared to trim or hedge if cumulative buy-back activity materially reduces free float or if related-party selling patterns diverge from expectations
• Track trading volume, disclosure cadence and contact IR for clarification on mechanics or timelines if buy-back reporting remains opaque