Dampskibsselskabet Norden A/S (CPSE:DNORD) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, for a total of DKK 105 million ($15 million). The shares will be repurchased at a price not exceeding the higher of the latest independent trade and the highest current independent bid on the stock exchange.

The purpose of the program is to adjust the capital structure of the company and to hedge the company?s obligations under incentive schemes granting options or restricted shares to the company?s employees. The program will end no later than April 19, 2024.