Dampskibsselskabet Norden A/S (CPSE:DNORD) commences share repurchases on July 6, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 9, 2023. As per the mandate, the company is authorized to repurchase its own shares for a total nominal value not exceeding 10% of its issued share capital. The shares will be repurchased at the market price applicable at the time of acquisition with a deviation of up to 10%.

The purpose of the program is to supplement dividends for adjustment of the company?s capital structure. The program will be valid till the next Annual General Meeting.